Preface |
|
x | |
|
|
xii | |
|
1 Transport, Economics, and Economists |
|
|
1 | (21) |
|
|
1 | (4) |
|
1.2 A brief history of transport economics |
|
|
5 | (3) |
|
1.3 The subject matter of transport economics |
|
|
8 | (7) |
|
1.4 The economic characteristics of transport |
|
|
15 | (2) |
|
|
17 | (5) |
|
|
20 | (2) |
|
2 Transport and the Economy: Some Numbers |
|
|
22 | (33) |
|
|
22 | (2) |
|
|
24 | (7) |
|
2.3 Transport at the national level |
|
|
31 | (6) |
|
|
37 | (7) |
|
|
44 | (6) |
|
2.6 Some comments on the short-term effects of Covid-19 on transport |
|
|
50 | (2) |
|
2.7 Where are the numbers? |
|
|
52 | (3) |
|
|
54 | (1) |
|
Exhibit Response of air transport to a pandemic |
|
|
55 | (1) |
|
|
55 | (30) |
|
3.1 The desire for movement and mobility |
|
|
55 | (2) |
|
3.2 Transport: the `chicken' or the `egg'? |
|
|
57 | (3) |
|
3.3 Industrial location and transport |
|
|
60 | (7) |
|
3.4 Economic gateways and corridors |
|
|
67 | (3) |
|
3.5 Output, market areas, and transport costs |
|
|
70 | (4) |
|
3.6 Urban transport and land values |
|
|
74 | (6) |
|
|
80 | (5) |
|
|
83 | |
|
Exhibit The impact of parking policy on house prices in the Netherlands |
|
|
79 | (6) |
|
4 The Demand for Transport |
|
|
85 | (49) |
|
4.1 Demands for transport |
|
|
85 | (2) |
|
4.2 Influences on travel demand |
|
|
87 | (3) |
|
4.3 Pricing a transport service |
|
|
90 | (6) |
|
|
96 | (1) |
|
4.5 Levels and methods of charging |
|
|
97 | (1) |
|
|
98 | (2) |
|
4.7 The absolute level of the price change |
|
|
100 | (1) |
|
|
101 | (3) |
|
4.9 The price of other transport services |
|
|
104 | (2) |
|
4.10 Tastes, human desires, and motives |
|
|
106 | (3) |
|
4.11 The notion of a `need' for transport |
|
|
109 | (3) |
|
4.12 The valuation of travel time savings |
|
|
112 | (7) |
|
4.13 The demand for car ownership |
|
|
119 | (7) |
|
4.14 What does `behavioral economics' tell us? |
|
|
126 | (8) |
|
|
130 | |
|
Exhibit Demand shocks on airline fares produced by high-speed rail transport |
|
|
91 | (2) |
|
Exhibit Fuel efficiency of United States cars following the 1973 and 1979 oil crises |
|
|
93 | (10) |
|
Exhibit Meta-analytical synthesis of demand elasticity results |
|
|
103 | (5) |
|
Exhibit The role of ancillary revenues in airline finances |
|
|
108 | (20) |
|
Exhibit When London Underground workers go on strike |
|
|
128 | (6) |
|
5 Direct Costs of Transport |
|
|
134 | (52) |
|
5.1 Factors influencing the supply of transport |
|
|
134 | (2) |
|
5.2 Fixed and variable costs |
|
|
136 | (13) |
|
5.3 Economies of scale, scope, density, experience, and commonality |
|
|
149 | (6) |
|
5.4 Specific, joint, and common costs |
|
|
155 | (2) |
|
5.5 Problems of common cost allocation: the road and rail track cases |
|
|
157 | (7) |
|
5.6 Transport user costs and the notion of generalized costs |
|
|
164 | (6) |
|
5.7 The bunching of public transport services |
|
|
170 | (2) |
|
|
172 | (3) |
|
5.9 Costs and the measurement of economic efficiency |
|
|
175 | (11) |
|
|
182 | |
|
Exhibit The container and world trade |
|
|
143 | (24) |
|
Exhibit Measuring perceived costs of driving |
|
|
167 | (19) |
|
6 The External Economic Costs of Transport |
|
|
186 | (50) |
|
|
186 | (1) |
|
|
187 | (3) |
|
6.3 Transport's implications for the environment |
|
|
190 | (3) |
|
6.4 The valuation of externalities |
|
|
193 | (8) |
|
6.5 The magnitude of the environmental externality problem |
|
|
201 | (13) |
|
|
214 | (5) |
|
6.7 Introduction to traffic congestion |
|
|
219 | (6) |
|
6.8 The economic costs of congestion |
|
|
225 | (2) |
|
6.9 Refinements on the basic congestion model |
|
|
227 | (5) |
|
6.10 Some broad aggregate calculations |
|
|
232 | (4) |
|
|
233 | |
|
Exhibit The economic costs of CO2 emissions |
|
|
196 | (2) |
|
Exhibit The economic costs of the Amoco Cadiz oil spill |
|
|
198 | (38) |
|
7 The Pricing of Transport |
|
|
236 | (45) |
|
7.1 The principles of pricing |
|
|
236 | (1) |
|
7.2 Matching supply with demand |
|
|
237 | (6) |
|
7.3 Marginal cost pricing |
|
|
243 | (3) |
|
7.4 Difficulties of `second-best' situations |
|
|
246 | (3) |
|
7.5 Price differentiation, price discrimination, and yield management |
|
|
249 | (16) |
|
7.6 Pricing with stochastic demand |
|
|
265 | (2) |
|
7.7 The problem of the peak |
|
|
267 | (3) |
|
7.8 Transport subsidies, operational objectives, and pricing |
|
|
270 | (3) |
|
7.9 Market instability, suboptimal supply, and the empty core |
|
|
273 | (3) |
|
|
276 | (5) |
|
|
278 | |
|
Exhibit The issue of predatory pricing |
|
|
240 | (41) |
|
8 Containing the Environmental Costs of Transport |
|
|
281 | (39) |
|
|
281 | (1) |
|
8.2 The main economic approaches |
|
|
282 | (1) |
|
8.3 Marketable and tradeable permits |
|
|
283 | (4) |
|
8.4 The OECD's `polluter-pays principle' |
|
|
287 | (7) |
|
8.5 More on environmental standards |
|
|
294 | (4) |
|
8.6 Transport subsidies and the environment |
|
|
298 | (5) |
|
8.7 Protecting the sufferers |
|
|
303 | (1) |
|
|
304 | (11) |
|
|
315 | (5) |
|
|
318 | |
|
Exhibit Marketable permits for lead in gasoline |
|
|
286 | (15) |
|
Exhibit The `Ubernomics' of app-based ride-hailing |
|
|
301 | (10) |
|
|
311 | (9) |
|
9 Optimizing Traffic Congestion |
|
|
320 | (46) |
|
9.1 Economics and optimal traffic |
|
|
320 | (1) |
|
|
321 | (5) |
|
9.3 Applications of urban road pricing |
|
|
326 | (3) |
|
9.4 Some difficulties with road pricing |
|
|
329 | (9) |
|
9.5 Impacts of road pricing |
|
|
338 | (4) |
|
|
342 | (2) |
|
9.7 Congestion pricing at airports |
|
|
344 | (12) |
|
|
356 | (2) |
|
9.9 Non-pricing options for reducing congestion |
|
|
358 | (4) |
|
|
362 | (4) |
|
|
363 | |
|
Exhibit The initial London congestion charge scheme |
|
|
340 | (26) |
|
10 Economics and Transport Logistics |
|
|
366 | (32) |
|
|
366 | (1) |
|
|
367 | (3) |
|
10.3 The costs of warehousing and inventory holdings |
|
|
370 | (5) |
|
10.4 Consolidation and trans-shipment |
|
|
375 | (1) |
|
|
376 | (4) |
|
|
380 | (2) |
|
|
382 | (2) |
|
10.8 International logistics |
|
|
384 | (2) |
|
10.9 Big data, supply chains, and economics |
|
|
386 | (1) |
|
|
387 | (11) |
|
|
395 | |
|
Exhibit Costs and benefits of transport security |
|
|
389 | (9) |
|
11 Investment Criteria: Private and Public Sector Analysis |
|
|
398 | (40) |
|
11.1 Transport and infrastructure |
|
|
398 | (2) |
|
11.2 Basic theories of investment policies |
|
|
400 | (3) |
|
11.3 Commercial and social approaches to investment |
|
|
403 | (4) |
|
11.4 Public-private partnerships |
|
|
407 | (5) |
|
11.5 The theory of cost-benefit analysis |
|
|
412 | (5) |
|
11.6 Coping with network effects |
|
|
417 | (2) |
|
11.7 Cost-benefit analysis in practice and variations on the theme |
|
|
419 | (9) |
|
11.8 Comparability between appraisal techniques |
|
|
428 | (3) |
|
11.9 Assessing the effect on national income |
|
|
431 | (3) |
|
11.10 Some institutional considerations |
|
|
434 | (4) |
|
|
436 | |
|
Exhibit The Third London Airport Study |
|
|
421 | (17) |
|
12 Transport Planning and Forecasting |
|
|
438 | (30) |
|
12.1 The development of transport planning |
|
|
438 | (5) |
|
12.2 The ethos of transport planning |
|
|
443 | (5) |
|
12.3 Traffic modeling and forecasting |
|
|
448 | (5) |
|
12.4 Sequential travel demand forecasting |
|
|
453 | (7) |
|
12.5 Disaggregate modeling |
|
|
460 | (3) |
|
12.6 Interactive and stated-preference modeling |
|
|
463 | (5) |
|
|
465 | |
|
Exhibit Blue-print planning: L'Enfant's transport plan for Washington DC |
|
|
439 | (12) |
|
Exhibit Accuracy in traffic demand forecasting |
|
|
451 | (17) |
|
13 Transport and Economic Development |
|
|
468 | (46) |
|
13.1 Transport's Role in Development |
|
|
468 | (1) |
|
13.2 Economic growth theory and transport |
|
|
469 | (7) |
|
13.3 Transport infrastructure investment and economic productivity |
|
|
476 | (5) |
|
13.4 The multiplier impacts of a transport investment |
|
|
481 | (5) |
|
13.5 Transport economics in less developed countries |
|
|
486 | (6) |
|
13.6 The transport policy of the European Union |
|
|
492 | (12) |
|
13.7 Transport effects on regional and urban development |
|
|
504 | (10) |
|
|
512 | |
|
Exhibit Employment implications of the United States' federal highway system |
|
|
471 | (3) |
|
Exhibit Railroads and canals in the United States' economic development |
|
|
474 | (4) |
|
Exhibit Infrastructure investment and economic productivity |
|
|
478 | (28) |
|
Exhibit Some macro- and microeconomics of elevator travel |
|
|
506 | (8) |
|
14 Political Economy and Transport Regulation |
|
|
514 | (45) |
|
|
514 | (3) |
|
|
517 | (5) |
|
|
522 | (8) |
|
14.4 Prioritizing transport policies |
|
|
530 | (11) |
|
14.5 Paths of regulatory reform |
|
|
541 | (5) |
|
14.6 Studying regulatory reform |
|
|
546 | (5) |
|
14.7 Disruptive innovation |
|
|
551 | (3) |
|
14.8 Coordination via the market, or by direction? |
|
|
554 | (5) |
|
|
557 | |
|
Exhibit Regulated and unregulated airlines |
|
|
526 | (33) |
Name Index |
|
559 | (8) |
Subject Index |
|
567 | |