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A Handbook of Transport Economics
Bringing together insights and perspectives from close to 70 of the world’s leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics.
The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport.
The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport.
More Information
Critical Acclaim
Contributors
Contents
More Information
Bringing together insights and perspectives from close to 70 of the world’s leading experts in the field, this timely Handbook provides an up-to-date guide to the most recent and state-of-the-art advances in transport economics.
The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport.
This Handbook is designed both for use on postgraduate and advanced undergraduate courses and as a reference for anyone working in the field. It also complements the textbook Principles of Transport Economics.
The comprehensive coverage includes topics such as the relationship between transport and the spatial economy, recent advances in travel demand analysis, the external costs of transport, investment appraisal, pricing, equity issues, competition and regulation, the role of public–private partnerships and the development of policy in local bus services, rail, air and maritime transport.
This Handbook is designed both for use on postgraduate and advanced undergraduate courses and as a reference for anyone working in the field. It also complements the textbook Principles of Transport Economics.
Critical Acclaim
‘I want to thank the editors for bringing this project to fruition and compiling in one volume contributions which will interest both transport specialists and economists. Engineers and management experts will benefit from the summaries, and rigorous analysis, of recent advances in economic research applied to their fields of interest. Researchers and students in economics will see how economic theory can be applied in a specific context to enrich the study of one sector, transport. In this way, the Handbook contributes to the cross-fertilisation of different areas of knowledge and constitutes an important development in the advancement of that knowledge.’
– From the foreword by Daniel L. McFadden, 2000 Nobel Laureate in Economics
‘This Handbook is a stellar compilation of up-to-date knowledge about the important topics in transport economics. Authors include the very best in the field, and they cover the most important topics for today’s research and policy applications. Individual chapters contain sound, readable, well referenced explanations of each topic’s history and current status. I cannot think of a better place to start for anyone wanting to become current in the field or in any of its parts.’
– Kenneth Small, University of California-Irvine, US
– From the foreword by Daniel L. McFadden, 2000 Nobel Laureate in Economics
‘This Handbook is a stellar compilation of up-to-date knowledge about the important topics in transport economics. Authors include the very best in the field, and they cover the most important topics for today’s research and policy applications. Individual chapters contain sound, readable, well referenced explanations of each topic’s history and current status. I cannot think of a better place to start for anyone wanting to become current in the field or in any of its parts.’
– Kenneth Small, University of California-Irvine, US
Contributors
Contributors: S.P. Anderson, H. Andersson, R. Arnott, B. Bartin, L.J. Basso, A. Behar, M. Ben-Akiva, Y. Berechman, M. Beuthe, C.R. Bhat, J. Bröcker, M.R. Brooks, K. Button, C.G. Chorus, J.A. Clougherty, M. Delucchi, A. de Palma, A. Estache, M. Fosgerau, R. Friedrich, P. Gagnepain, J.L. Gifford, D. Gillen, D. Graham, D.A. Hensher, E. Iossa, M. Ivaldi, S.R. Jara-Díaz, E. Juan, Y. Kanemoto, M. Lafourcade, J. Laird, R. Lindsey, P. Mackie, D. Martimort, D. McCubbin, D. McFadden, H. Meersman, J. Mercenier, C. Muller-Vibes, C. Nash, T.H. Oum, K. Ozbay, A.R. Pinjari, M. Ponti, S. Proost, R. Renault, P. Rietveld, E. Quinet, G. Santos, T. Tabuchi, J.-F. Thisse, H.J.P. Timmermans, A. Trannoy, N. Treich, L. Trujillo, E. Van de Voorde, T. Vanelslander, A.J. Venables, E. Verhoef, R. Vickerman, J.L. Walker, W.G. Waters II, M. Wegener, K. Yamaguchi, O. Yanmaz-Tuzel, Y. Yoshida, A. Zhang, Y. Zhang
Contents
Contents:
Foreword by Daniel McFadden
1. Introduction
André de Palma, Robin Lindsey, Emile Quinet and Roger Vickerman
PART I: TRANSPORT AND SPATIAL ECONOMY
2. General Equilibrium Models for Transportation Economics
Johannes Bröcker and Jean Mercenier
3. Transport in Spatial Models of Economic Development
Michael Wegener
4. New Economic Geography: The Role of Transport Costs
Miren Lafourcade and Jacques-François Thisse
5. Transport Costs and International Trade
Alberto Behar and Anthony J. Venables
6. City Formation and Transport Costs
Takatoshi Tabuchi
PART II: THE DEMAND FOR TRANSPORT
7. Valuation of Travel Time Savings
David A. Hensher
8. Advances in Discrete Choice: Mixture Models
Joan L. Walker and Moshe Ben-Akiva
9. Dynamic Traffic Modeling
André de Palma and Mogens Fosgerau
10. Activity-based Travel Demand Analysis
Abdul Rawoof Pinjari and Chandra R. Bhat
11. Economics of Transport Logistics
Michel Beuthe
PART III: THE COST OF TRANSPORT
12. Cost Functions for Transport Firms
Leonardo J. Basso, Sergio R. Jara-Díaz and William G. Waters II
13. Efficiency Measurement Theory and its Application to Airport Benchmarking
Tae Hoon Oum, Katsuhiro Yamaguchi and Yuichiro Yoshida
14. Theory of External Costs
Stef Proost
15. External Costs of Transport in the United States
Mark Delucchi and Don McCubbin
16. External Costs of Transport in Europe
Rainer Friedrich and Emile Quinet
17. The Value of a Statistical Life
Henrik Andersson and Nicolas Treich
18. Transport and Energy
Kenneth Button
19. The Full Marginal Costs of Highway Travel: Methods and Empirical Estimation for North America
Yossi Berechman, Bekir Bartin, Ozlem Yanmaz-Tuzel and Kaan Ozbay
PART IV: OPTIMAL PUBLIC DECISIONS
20. Surplus Theory
Yoshitsugu Kanemoto
21. The Direct and Wider Impacts of Transport Projects: A Review
Peter Mackie, Daniel Graham and James Laird
22. Price Discrimination
Simon P. Anderson and Régis Renault
23. Road Congestion Pricing
Georgina Santos and Erik Verhoef
24. The Economics of Information in Transport
Piet Rietveld
25. Personal Intelligent Travel Assistants
Casper G. Chorus and Harry J.P. Timmermans
26. Equity Dimensions of Transport Policy
Alain Trannoy
27. Psychology and Rationality in User Behavior: The Case of Scarcity
Jonathan L. Gifford
PART V: COMPETITION AND REGULATION
28. Competition, Regulation and Public Service Obligations
Marco Ponti
29. The Theory of Incentives Applied to the Transport Sector
Elisabetta Iossa and David Martimort
30. Public–Private Partnerships in Transport
Antonio Estache, Ellis Juan and Lourdes Trujillo
31. Parking Economics
Richard Arnott
32. The Industrial Organization of Competition in Local Bus Services
Philippe Gagnepain, Marc Ivaldi and Catherine Muller-Vibes
33. Competition and Regulation in Rail Transport
Chris Nash
34. Airport Governance and Regulation: Three Decades of Aviation System Reform
David Gillen
35. Competition and Regulation in Air Transport
Anming Zhang, Yimin Zhang and Joseph A. Clougherty
36. Competition and Regulation in Seaports
Hilde Meersman, Eddy Van de Voorde and Thierry Vanelslander
37. Competition and Regulation in Maritime Transport
Mary R. Brooks
Index
Foreword by Daniel McFadden
1. Introduction
André de Palma, Robin Lindsey, Emile Quinet and Roger Vickerman
PART I: TRANSPORT AND SPATIAL ECONOMY
2. General Equilibrium Models for Transportation Economics
Johannes Bröcker and Jean Mercenier
3. Transport in Spatial Models of Economic Development
Michael Wegener
4. New Economic Geography: The Role of Transport Costs
Miren Lafourcade and Jacques-François Thisse
5. Transport Costs and International Trade
Alberto Behar and Anthony J. Venables
6. City Formation and Transport Costs
Takatoshi Tabuchi
PART II: THE DEMAND FOR TRANSPORT
7. Valuation of Travel Time Savings
David A. Hensher
8. Advances in Discrete Choice: Mixture Models
Joan L. Walker and Moshe Ben-Akiva
9. Dynamic Traffic Modeling
André de Palma and Mogens Fosgerau
10. Activity-based Travel Demand Analysis
Abdul Rawoof Pinjari and Chandra R. Bhat
11. Economics of Transport Logistics
Michel Beuthe
PART III: THE COST OF TRANSPORT
12. Cost Functions for Transport Firms
Leonardo J. Basso, Sergio R. Jara-Díaz and William G. Waters II
13. Efficiency Measurement Theory and its Application to Airport Benchmarking
Tae Hoon Oum, Katsuhiro Yamaguchi and Yuichiro Yoshida
14. Theory of External Costs
Stef Proost
15. External Costs of Transport in the United States
Mark Delucchi and Don McCubbin
16. External Costs of Transport in Europe
Rainer Friedrich and Emile Quinet
17. The Value of a Statistical Life
Henrik Andersson and Nicolas Treich
18. Transport and Energy
Kenneth Button
19. The Full Marginal Costs of Highway Travel: Methods and Empirical Estimation for North America
Yossi Berechman, Bekir Bartin, Ozlem Yanmaz-Tuzel and Kaan Ozbay
PART IV: OPTIMAL PUBLIC DECISIONS
20. Surplus Theory
Yoshitsugu Kanemoto
21. The Direct and Wider Impacts of Transport Projects: A Review
Peter Mackie, Daniel Graham and James Laird
22. Price Discrimination
Simon P. Anderson and Régis Renault
23. Road Congestion Pricing
Georgina Santos and Erik Verhoef
24. The Economics of Information in Transport
Piet Rietveld
25. Personal Intelligent Travel Assistants
Casper G. Chorus and Harry J.P. Timmermans
26. Equity Dimensions of Transport Policy
Alain Trannoy
27. Psychology and Rationality in User Behavior: The Case of Scarcity
Jonathan L. Gifford
PART V: COMPETITION AND REGULATION
28. Competition, Regulation and Public Service Obligations
Marco Ponti
29. The Theory of Incentives Applied to the Transport Sector
Elisabetta Iossa and David Martimort
30. Public–Private Partnerships in Transport
Antonio Estache, Ellis Juan and Lourdes Trujillo
31. Parking Economics
Richard Arnott
32. The Industrial Organization of Competition in Local Bus Services
Philippe Gagnepain, Marc Ivaldi and Catherine Muller-Vibes
33. Competition and Regulation in Rail Transport
Chris Nash
34. Airport Governance and Regulation: Three Decades of Aviation System Reform
David Gillen
35. Competition and Regulation in Air Transport
Anming Zhang, Yimin Zhang and Joseph A. Clougherty
36. Competition and Regulation in Seaports
Hilde Meersman, Eddy Van de Voorde and Thierry Vanelslander
37. Competition and Regulation in Maritime Transport
Mary R. Brooks
Index