Transport Economics

Containing a set of readings that clearly convey fundamental concepts, theory and methodologies of transport economics, this book is an invaluable tool, essential for the teaching and study of the subject. Papers have been carefully selected for their usefulness in teaching by seven prominent and experienced professors of transport economics. As such, the majority of the twenty-six papers included in the text deal with timeless and fundamental subjects in transport economics, and have been evaluated by many instructors as being effective papers for educational purposes.

Notes on the Editors
Preface
Introduction
Transport Demand: The Basic Framework	p. 3
Concepts of Price Elasticities of Transport Demand and Recent Empirical Estimates: An Interpretative Survey	p. 17
The Theory and Practice of Disaggregate Demand Forecasting for Various Modes of Urban Transportation	p. 51
Stated Preference Analysis of Travel Choices: The State of Practice	p. 81
Trip Scheduling in Urban Transportation Analysis	p. 111
Competition, Natural Monopoly and Scale Economies	p. 123
Economies of Density Versus Economies of Scale: Why Trunk and Local Service Airlines Costs Differ	p. 145
Statistical Costing in Transportation	p. 175
Devising Business Strategy for Railways	p. 197
The Role of Costs in the Minimum Pricing of Railroad Services	p. 237
Optimal Departures from Marginal Cost Pricing	p. 253
An Integrated Fares Policy for Transport in London	p. 285
Optimal Bus Fares	p. 303
Inter-Firm Rivalry and Firm-Specific Price Elasticities in Deregulated Airline Markets	p. 313
Pricing and Congestion: Economic Principles Relevant to Pricing Roads	p. 345
Road Pricing for Congestion Management: The Transition from Theory to Policy	p. 373
Efficient Transportation Infrastructure Policy	p. 405
Optimal Peak-Load Pricing, Investment and Service Levels on Urban Expressways	p. 425
Quality Competition, Industry Equilibrium, and Efficiency in the Price-Constrained Airline Market	p. 459
Empirical Implications and Tests of the Contestability Hypothesis	p. 483
The Evolution of US Airline Competition	p. 501
An Application of the Economic Modelling Approach to the Investigation of Predation	p. 539
Competition in Rail Transport: A New Opportunity for Railways?	p. 565
North American Trucking Policy	p. 591
Cost-Benefit Analysis of Transport Projects	p. 627
Behavioural and Resource Values of Travel Time Savings: A Bicentennial Update	p. 653
The Economic Benefits of the Channel Tunnel	p. 667
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