Archive for April 6th, 2011

SFPark: a novel experiment mixing transport planning, economics and technology

April 6, 2011

Tyler Cowen points to this amazing concept/experiment called SF Park in San Francisco.

Circling for parking accounts for approximately 30 percent of city driving. Reducing this traffic by helping drivers find parking benefits everyone. More parking availability makes streets less congested and safer. Meters that accept credit cards reduce frustration and the need for parking citations. With SFpark: Circle Less, Live More.  SFpark works by collecting and distributing real-time information about where parking is available so drivers can quickly find open spaces.

To help achieve the right level of parking availability, SFpark will periodically adjust meter pricing up and down to match demand. Demand-responsive pricing encourages drivers to park in underused areas and garages, reducing demand in overused areas. With SFpark, real-time data and demand-responsive pricing work together to readjust parking patterns in the City so that parking is easier to find.

SFpark will be testing its new parking management system at 6,000 of San Francisco’s 25,000 metered spaces and 12,250 spaces in 15 of 20 City-owned parking garages. The pilot phase of SFpark will run for two yearsstarting summer 2010.  Federal funding through the Department of Transportation’s Urban Partnership Program pays for 80 percent of the SFpark project.

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How RBI watches flow of transactions carefully – a lesson in supervision

April 6, 2011

In a recent notification, RBI pointed how financial flow of transaction is leading to violation of FEMA rules.

As per FEMA guidelines, Foreign airline companies can open foreign currency account for managing its revenues and expenses. This  account is opened by Authorised Dealers Category-I (AD Category-I) banks for the airline company. The airline can repatriate the surplus arising from sale of air tickets through their agents in India after payment of the local expenses and applicable taxes in India.

RBI notes that some flow of transactions is not as per rules:

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Does prohibiting internet access in offices help?

April 6, 2011

Most offices have this problem. Internet is a must for work but employers see it as a distraction. Hence it is prohibited from use. Does this work?

The answer is no. It actually leads to more mistakes in their working hours.

Alessandro Bucciol, Daniel Houser and Marco Piovesan look at this is in this interesting paper. They conduct an experiment to understand this avoiding temptation behavior.  Their findings are:

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India’s different growth model

April 6, 2011

Rajiv Kumar and Pankaj Vashisht of ICRIER have a nice paper reviewing Indian economy pre, during and post crisis.

There are couple of key points in the paper:

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