Hardback
Railways
This authoritative new collection gathers together the issues important to the understanding of the challenges and problems of modern rail transport.
More Information
Critical Acclaim
Contributors
Contents
More Information
This authoritative new collection gathers together the issues important to the understanding of the challenges and problems of modern rail transport.
Part I includes articles on costs and productivity, part II discusses pricing and part III looks at regulation and privatisation. Part IV examines econometric rail demand models. Part V focuses on disaggregate choice modelling and part VI covers investment.
The editors have included not only classic papers by Griliches, Keeler and Caves et al on cost functions, Baumol on pricing and regulation and Foster and Beesley on investment, but also lesser known papers which pioneer up to date methods. Together these form a valuable collection of previously published articles which will be of interest to researchers and policy analysts in the industry and to academics and students specialising in rail transport policy and economics.
Part I includes articles on costs and productivity, part II discusses pricing and part III looks at regulation and privatisation. Part IV examines econometric rail demand models. Part V focuses on disaggregate choice modelling and part VI covers investment.
The editors have included not only classic papers by Griliches, Keeler and Caves et al on cost functions, Baumol on pricing and regulation and Foster and Beesley on investment, but also lesser known papers which pioneer up to date methods. Together these form a valuable collection of previously published articles which will be of interest to researchers and policy analysts in the industry and to academics and students specialising in rail transport policy and economics.
Critical Acclaim
‘From Harold Hotelling to the present day, this volume gathers together some of the most important contributions by transport economists to advancing our understanding of how the railway industry works.’
– John Preston, University of Oxford, UK
– John Preston, University of Oxford, UK
Contributors
28 articles, dating from 1938 to 1998
Contributors include: W.J. Baumol, M.E. Beesley, D.W. Caves, C.D. Foster, Z. Griliches, H. Hotelling, T.E. Keeler, T.H. Oum, J. Preston
Contributors include: W.J. Baumol, M.E. Beesley, D.W. Caves, C.D. Foster, Z. Griliches, H. Hotelling, T.E. Keeler, T.H. Oum, J. Preston
Contents
Contents:
Acknowledgements
Introduction Chris Nash, Mark Wardman, Kenneth Button and Peter Nijkamp
PART I COSTS AND PRODUCTIVITY
1. Zvi Griliches (1972), ‘Cost Allocation in Railroad Regulation’
2. Theodore E. Keeler (1974), ‘Railroad Costs, Returns to Scale, and Excess Capacity’
3. Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson (1980), ‘Productivity in U.S. Railroads, 1951–1974’
4. Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway and Robert J. Windle (1985), ‘Network Effects and the Measurement of Returns to Scale and Density for U.S. Railroads’
5. Tae Hoon Oum and Chunyan Yu (1994), ‘Economic Efficiency of Railways and Implications for Public Policy: A Comparative Study of the OECD Countries’ Railways’
PART II PRICING
6. Harold Hotelling (1938), ‘The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates’
7. William J. Baumol, James C. Bonbright, Yale Brozen, Joel Dean, Ford K. Edwards, Calvin B. Hoover, Dudley F. Pegrum, Merrill J. Roberts and Ernst W. Williams, Jr. (1962), ‘The Role of Cost in the Minimum Pricing of Railroad Services’
8. Jan Owen Jansson (1998), ‘An Analysis of the Rail Transport System’
PART III REGULATION AND PRIVATISATION
9. William J. Baumol (1983), ‘Some Subtle Pricing Issues in Railroad Regulation’
10. Louis Thompson (1993), ‘The Evolution of Railroad Regulation in the United States’
11. F. Mizutani and K. Nakamura (1997), ‘Privatization of the Japan National Railway: Overview of Performance Changes’
12. C.A. Nash and J. Preston (1993), ‘The Policy Debate in Great Britain’
PART IV ECONOMETRIC RAIL DEMAND MODELS
13. Lester B. Lave (1972), ‘The Demand for Intercity Passenger Transportation’
14. Jonathan Tyler and Richard Hassard (1973), ‘Gravity/Elasticity Models for the Planning of the Inter-urban Rail Passenger Business’
15. A.D. Owen and G.D.A. Phillips (1987), ‘The Characteristics of Railway Passenger Demand’
16. Mark Wardman (1997), ‘Inter-urban Rail Demand, Elasticities and Competition in Great Britain: Evidence from Direct Demand Models’
17. Jonathan Preston (1991), ‘Demand Forecasting for New Local Rail Stations and Services’
18. P. Someshwar Rao (1978), ‘Forecasting the Demand for Railway Freight Services’
PART V DISAGGREGATE CHOICE MODELLING
19. Benedikt Mandel, Marc Gaudry and Werner Rothengatter (1994), ‘Linear or Nonlinear Utility Functions in Logit Models? The Impact on German High-Speed Rail Demand Forecasts’
20. David A. Hensher (1998), ‘Establishing a Fare Elasticity Regime for Urban Passenger Transport’
21. E.P. Kroes and R.J. Sheldon (1985), ‘Stated Preference Techniques in Measuring Travel Elasticities’
22. Phillipa Marks and Mark Wardman (1991), ‘Leisure Travel’
23. Tony Fowkes and Geoff Tweddle (1997), ‘Validation of Stated Preference Forecasting: A Case Study Involving Anglo-Continental Freight’
PART VI INVESTMENT
24. C.D. Foster and M.E. Beesley (1965), ‘Estimating the Social Benefit of Constructing an Underground Railway in London’
25. Stewart Joy (1971), excerpt from ‘Pricing and Investment in Railway Freight Services’
26. A. Bonnafous (1987), ‘The Regional Impact of the TGV’
27. David Damm, Steven R. Lerman, Eva Lerner-Lam and Jeffrey Young (1980), ‘Response of Urban Real Estate Values in Anticipation of the Washington Metro’
28. Christopher Nash (1992), ‘Appraisal of Rail Projects’
Name Index
Acknowledgements
Introduction Chris Nash, Mark Wardman, Kenneth Button and Peter Nijkamp
PART I COSTS AND PRODUCTIVITY
1. Zvi Griliches (1972), ‘Cost Allocation in Railroad Regulation’
2. Theodore E. Keeler (1974), ‘Railroad Costs, Returns to Scale, and Excess Capacity’
3. Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson (1980), ‘Productivity in U.S. Railroads, 1951–1974’
4. Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway and Robert J. Windle (1985), ‘Network Effects and the Measurement of Returns to Scale and Density for U.S. Railroads’
5. Tae Hoon Oum and Chunyan Yu (1994), ‘Economic Efficiency of Railways and Implications for Public Policy: A Comparative Study of the OECD Countries’ Railways’
PART II PRICING
6. Harold Hotelling (1938), ‘The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates’
7. William J. Baumol, James C. Bonbright, Yale Brozen, Joel Dean, Ford K. Edwards, Calvin B. Hoover, Dudley F. Pegrum, Merrill J. Roberts and Ernst W. Williams, Jr. (1962), ‘The Role of Cost in the Minimum Pricing of Railroad Services’
8. Jan Owen Jansson (1998), ‘An Analysis of the Rail Transport System’
PART III REGULATION AND PRIVATISATION
9. William J. Baumol (1983), ‘Some Subtle Pricing Issues in Railroad Regulation’
10. Louis Thompson (1993), ‘The Evolution of Railroad Regulation in the United States’
11. F. Mizutani and K. Nakamura (1997), ‘Privatization of the Japan National Railway: Overview of Performance Changes’
12. C.A. Nash and J. Preston (1993), ‘The Policy Debate in Great Britain’
PART IV ECONOMETRIC RAIL DEMAND MODELS
13. Lester B. Lave (1972), ‘The Demand for Intercity Passenger Transportation’
14. Jonathan Tyler and Richard Hassard (1973), ‘Gravity/Elasticity Models for the Planning of the Inter-urban Rail Passenger Business’
15. A.D. Owen and G.D.A. Phillips (1987), ‘The Characteristics of Railway Passenger Demand’
16. Mark Wardman (1997), ‘Inter-urban Rail Demand, Elasticities and Competition in Great Britain: Evidence from Direct Demand Models’
17. Jonathan Preston (1991), ‘Demand Forecasting for New Local Rail Stations and Services’
18. P. Someshwar Rao (1978), ‘Forecasting the Demand for Railway Freight Services’
PART V DISAGGREGATE CHOICE MODELLING
19. Benedikt Mandel, Marc Gaudry and Werner Rothengatter (1994), ‘Linear or Nonlinear Utility Functions in Logit Models? The Impact on German High-Speed Rail Demand Forecasts’
20. David A. Hensher (1998), ‘Establishing a Fare Elasticity Regime for Urban Passenger Transport’
21. E.P. Kroes and R.J. Sheldon (1985), ‘Stated Preference Techniques in Measuring Travel Elasticities’
22. Phillipa Marks and Mark Wardman (1991), ‘Leisure Travel’
23. Tony Fowkes and Geoff Tweddle (1997), ‘Validation of Stated Preference Forecasting: A Case Study Involving Anglo-Continental Freight’
PART VI INVESTMENT
24. C.D. Foster and M.E. Beesley (1965), ‘Estimating the Social Benefit of Constructing an Underground Railway in London’
25. Stewart Joy (1971), excerpt from ‘Pricing and Investment in Railway Freight Services’
26. A. Bonnafous (1987), ‘The Regional Impact of the TGV’
27. David Damm, Steven R. Lerman, Eva Lerner-Lam and Jeffrey Young (1980), ‘Response of Urban Real Estate Values in Anticipation of the Washington Metro’
28. Christopher Nash (1992), ‘Appraisal of Rail Projects’
Name Index
