Mind the gap: Economics is catching up to the fact that we’re not always rational
Do Tube strikes make Londoners better off? At first sight, the question is simply absurd. The answer is surely “no”. But a paper in the Quarterly Journal of Economics comes to the opposite conclusion. Cambridge economist Shaun Larcom and his colleagues analysed the two-day strike of February 2014. They obtained detailed travel information on nearly […]
Volterra in the news: ‘unions are standing against progress’
Jo Valentine, Chief Executive of London First, spoke out against last weeks tube strike stating that by striking against the Night Tube ‘unions are standing against progress’. In an article for City AM Jo Valentine discussed the need for London to remain competitive on the global stage and refers to Volterra’s report for TfL in […]
