THE ECONOMICS OF TRANSPORT

‘The Economics of Transport is a collection of 41 of the most important papers in transportation economics, edited by one of the major writers of the era . . . A careful reading of these articles will provide readers of any background with a firm grasp both of the major issues and of the theoretical and empirical methods commonly used in the field . . . The book begins with an extremely well-written, 34-page introduction by Professor Mohring, which provides an excellent synopsis of the field, particularly with respect to the theoretical and urban issues . . . The book is comprehensive, covering all the primary areas of transportation economics, including demand, supply, and policy. In fact, the primary contribution of the book is that it provides a collection of major papers in the field along with an excellent overview of the field written by Professor Mohring . . . The two volumes in this collection do an excellent job of reviewing transport economic theory and its applications, particularly with respect to urban transportation.’
– Wesley W. Wilson, Regional Science and Urban Economics

‘Transport economics has always been a subject which many have treated as somehow peripheral to mainstream economics but Mohring has done an extremely useful service in demonstrating in this collection the theoretical and institutional rigor which underlies work in this field.’
– Kenneth Button, The Economic Journal

‘ . . . this is an impressive collection of articles . . . For anyone getting started in transportation economics this is an excellent introduction to the wide range of issues and techniques in the field.’
– Robert Windle, Transportation Research Forum

41 articles, dating from 1952 to 1990
Contributors include: E.E. Bailey, W.J. Baumol, M. Beckman, A. Chalk, A.E. Kahn, M.E. Levine, K.A. Small, R.M. Solow, W.S. Vickrey

CONTENTS

VOLUME 1

PART 1

TWO SEMINAL CONTRIBUTIONS AND A RECENT SURVEY OF THE FIELD

1. Martin Beckman, C. B. McGuire and Christopher B. Winsten (1956), ‘Equilibrium’
2. A. A .Walters (1961), ‘The Theory and Measurement of Private and Social Cost of Highway Congestion’
3. Clifford Winston (1985), ‘Conceptual Developments in the Economics of Transportation: An Interpretive Study’

PART 2

THE TRANSPORT DEMAND SCHEDULE AND WHAT LIES BEHIND IT

4. Leon N. Moses and Harold F. Williamson, Jr. (1963), ‘Value of Time, Choice of Mode, and the Subsidy Issue in Urban Transportation’
5. Richard E.Quandt and William J. Baumol (1966), ‘The Demand for Abstract Transport Modes: Theory and Measurement’
6. Daniel McFadden (1974), ‘The Measurement of Urban Travel Demand’
7. Takeshi Amemiya (1981), ‘Qualitative Response Models: A Survey’

PART 3

BEHIND THE TRANSPORT SUPPLY SCHEDULE: THE VALUE OF USER-SUPPLIED INPUTS

8. M.E. Beesley (1965), ‘The Value of Time Spent in Travelling: Some New Evidence’
9. Charles A .Lave (1969), ‘A Behavioral Approach to Modal Split Forecasting’

PART 4

BEHIND THE TRANSPORT SUPPLY SCHEDULE: PRODUCTION AND COST FUNCTION MODELS

10. Marvin Kraus (1981), ‘Scale Economies Analysis for Urban Highway Networks’
11. David M. Newbery (1989), ‘Cost Recovery from Optimally Designed Roads’
12. Douglas W. Caves, Laurits R.Christensen and Michael W. Tretheway (1984), ‘Economies of Density Versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ’

PART 5

BEHIND THE TRANSPORT SUPPLY SCHEDULES: THE TECHNOLOGY OF CONGESTION

13. John Glen Wardrop (1952), ‘Some Theoretical Aspects of Road Traffic Research’
14. William S .Vickery (1969), ‘Congestion Theory and Transport Investment’
15. Kenneth A. Small (1982), ‘The Scheduling of Consumer Activities: Work Trips’

PART 6

FIRST - AND SECOND-BEST PRICING AND INVESTMENT POLICIES

16. Robert H. Strotz (1965), ‘Urban Transportation Parables’
17. A. A. Walters (1960), ‘ The Allocation of Joint Costs with Demands as Probability Distributions’
18. A. S. De Vany and T. R .Saving (1977), ‘Product Quality, Uncertainty and Regulation: The Trucking Industry’
19. William S .Vickrey (1955), ‘A Proposal for Revising New York’s Subway Fare Structure’
20. William Vickrey (1968), ‘Automobile Accidents, Tort Law, Externalities and Insurance: An Economist’s Critique’
21. Theodore E. Keeler and Kenneth A. Small (1977), ‘Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways’
22. William S.Vickrey (1963), ‘Pricing and Resource Allocation in Transportation and Public Utilities: Pricing in Urban and Suburban Transport’

VOLUME 2

PART 1

TAXIS AND BUSES

1. Ralph Turvey and Herbert Mohring (1975), ‘Optimal Bus Fares’
2. S. Glaister and J. J. Collings (1978), ‘Maximisation of Passenger Miles in Theory and Practice’
3. John R. Schroeter (1983), ‘A Model of Taxi Service Under Fare Structure and Fleet Size Regulation’
4. Arthur S. De Vany (1975), ‘Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets’
5. M. E. Beesley and S. Glaister (1983), ‘Information for Regulating: The Case of Taxis’

PART 2

TRANSPORT AND URBAN STRUCTURE

6. Richard J. Arnott and Joseph E. Stiglitz (1981), ‘Aggregate Land Rents and Aggregate Transport Costs’
7. Robert M .Solow and William S .Vickery (1971), ‘Land Use in a Long Narrow City’
8. Robert M. Solow (1973), ‘Congestion Cost and the Use of Land for Street’

PART 3

REGULATION AND DEREGULATION

A: PRE-DEREGULATION EVALUATIONS OF ITS COSTS

9. Theodore E. Keeler (1972), ‘Airline Regulation and Market Performance’
10. Arthur S. De Vany (1975), ‘The Effect of Price and Entry Regulation on Airline Output, Capacity and Efficiency’

B: DEREGULATION, SAFETY AND THE VALUE OF THE FIRM

11. Andrew Chalk (1986), ‘Market Forces and Aircraft Safety: The Case of the DC-10’
12. Mark L. Mitchell T. Maloney (1989), ‘Crisis in the Cockpit? The Role of Market Forces in Promoting Air Travel Safety’
13. Nancy L. Rose (1990), ‘Profitability and Product Quality: Economic Determinants of Airline Safety Performance’

C THE CONSEQUENCES - EXPECTED AND UNEXPECTED - OF DEREGULATION

14. Alfred E. Kahn (1990), ‘Deregulation: Looking Backward and Looking Forward’
15. Michael E. Levine (1987), ‘Airline Competition in Deregulated Markets: Theory, Firm Strategy, and Public Policy’
16. Elizabeth E. Bailey and Jeffrey R .Williams (1988), ‘Sources of Economic Rent in the Deregulated Airline Industry’
17. Severin Borenstein (1989), ‘Hubs and High Fares: Dominance and Market Power in the U. S. Airline Industry’
18. Kenneth D. Boyer (1987), ‘The Costs of Price Regulation: Lessons from Railroad Deregulation’
19. Roger F. Teal and Mary Berglund (1987), ‘The Impacts of Taxicab Deregulation in the USA’