This book reveals and discusses existing and potential problems derived from the transport economics domain in relation to their environment, and the social, political and economic impacts, with reference to a wide range of transport modes. It is suitable not only for academics or students, but also for people working in the transport industry. From this book, readers will learn how to apply economic principles to transport, drawing specifically upon a number of case studies of different areas of Great Britain. This book is particularly useful for those who are interested in the subject of transport economics, but may not have studied economics, statistics or mathematics.
Introduction to Air Transport Economics: From Theory to Applications uniquely merges the institutional and technical aspects of the aviation industry with their theoretical economic underpinnings. In one comprehensive textbook it applies economic theory to all aspects of the aviation industry, bringing together the numerous and informative articles and institutional developments that have characterized the field of airline economics in the last two decades as well as adding a number of areas original to an aviation text. Its integrative approach offers a fresh point of view that will find favor with many students of aviation. The book offers a self-contained theory and applications-oriented text for any individual intent on entering the aviation industry as a practicing professional in the management area. It will be of greatest relevance to undergraduate and graduate students interested in obtaining a more complete understanding of the economics of the aviation industry. It will also appeal to many professionals who seek an accessible and practical explanation of the underlying economic forces that shape the industry. The second edition has been extensively updated throughout. It features new coverage of macroeconomics for managers, expanded analysis of modern revenue management and pricing decisions, and also reflects the many significant developments that have occurred since the original’s publication. Instructors will find this modernized edition easier to use in class, and suitable to a wider variety of undergraduate or graduate course structures, while industry practitioners and all readers will find it more intuitively organized and more user friendly.
'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 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.
What is Transport Economics It was in 1959 that the American economist John R. Meyer established the field of economics known as transport economics. This subfield of economics focuses on the distribution of resources within the transportation industry. It is closely connected to the field of civil engineering. The assumption of a spaceless and instantaneous economy is not valid in the field of transport economics, which is one of the most notable differences between it and other subfields of economics. There are specific speeds at which people and products move via networks. It is at its peak. The purchasing of tickets in advance is frequently prompted by reduced prices. Whether or not the networks themselves are competitive is a matter of opinion. The combination of services offered by multiple companies, agencies, and means of transportation may be necessary for a single journey. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Transport economics Chapter 2: Highway Chapter 3: Externality Chapter 4: Road pricing Chapter 5: Congestion pricing Chapter 6: Traffic congestion Chapter 7: Area Licensing Scheme Chapter 8: Induced demand Chapter 9: Transportation demand management Chapter 10: Generalised cost Chapter 11: Motoring taxation in the United Kingdom Chapter 12: Economics of car use Chapter 13: Car dependency Chapter 14: Road space rationing Chapter 15: San Francisco congestion pricing Chapter 16: Vehicle miles traveled tax Chapter 17: Public transport Chapter 18: Option value (costbenefit analysis) Chapter 19: Effects of cars Chapter 20: Mobility as a service Chapter 21: Market urbanism (II) Answering the public top questions about transport economics. (III) Real world examples for the usage of transport economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of transport economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of transport economics.
Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses a number of today's important transportation policy issues, exploring a variety of transportation modes, and examining the policy implications of a number of alternatives. Theodore Keeler had a distinguished career in transportation economics, helping to shape regulatory policies concerning the transportation industries and assessing the appropriateness of various policies. A distinguishing feature of his work is that it always had policy implications. As a tribute to Theodore Keeler, this book examines transportation policy issues across a variety of transportation industries, including aviation, railroads, highways, motor carrier transport, automobiles, urban transit, and ocean shipping. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing an in-depth analysis of some of today's important transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market's role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. In addition to examining various transportation policy issues in the U.S., the book explores some approaches to dealing with transportation issues in different parts of the world. Contemporary transportation policy debates have broadened from their initial focus of primarily examining the merits of reforming economic regulations at national levels, to now examining a variety of issues such as alternative methods of social regulation (such as safety regulation and emission controls), new approaches to changing economic regulations, the potential for reforming international regulations, and the appropriate role for government in transportation. - Examines transportation policy developments across a variety of modes, including some international analysis - Shows how new policy changes, such as changes in regulation, affect overall transportation system performance - Features chapters that use innovative methodologies, such as Bayesian techniques, qualitative analysis, and an attribute-incorporated Malmquist productivity index - Examines the ways that policy impacts depend on a variety of factors, and shows how economic tools can be used to gain greater insights into the likely impacts of policy and the desirability of various policies - Analyzes transport prices, quality of service, safety, the use of information technology and operating issues, highlighting how transportation enhances quality of life
Truckload Transportation: Economics, Pricing and Analysis covers every facet of truckload pricing including the truckload business model, one-way pricing concepts, dedicated fleet pricing and design, and bid response analysis. The book covers all the primary truckload transportation concepts such as capacity and balance, utilization, length of haul, empty miles, and revenue per mile.The book provides an in depth review of all forms of dedicated pricing including fixed-variable, utilization scales and over-under. The dedicated pricing chapters also cover special topics such as shuttle pricing, short haul pricing, and mileage band pricing. The book also includes four detailed case studies in bid response analysis, a detailed chapter on network analysis, and a special chapter of truckload transportation concepts specifically for truckload shippers.For additional information, please visitTRUCKLOADTRANSPORTATION.COM
Transportation is the world's largest invisible industry. Modern society is completely dependent on transportation to sustain its way of life, and it is all around us constantly. Yet the economics of transportation is a mystery to most people. Why do air fares rise and fall? Why do urban transit systems struggle to survive and require such large public subsidies? Why does freight transport cost more to move in one direction than an equal distance in another? Why is the government so heavily involved in transportation? Concepts of Transportation Economics provides explanations to these queries and many more, as well-renowned experts in the field, Barry E Prentice and Darren Prokop interpret the unique dynamics underlying transportation through the lens of applied economics, and demonstrate that the operations of transportation are completely logical and obvious once the concepts that underlie business decisions and consumer reactions are explained.
Bus Transport: Demand, Economics, Contracting, and Policy examines in one source the most critical and current research themes of public transport relevant to regulators, planners, operators, researchers and educators. It highlights the wider economic impacts of public transport and compares energy usage across all public transport modes. The book examines the evolving debate on Mobility as a Service (MaaS) and includes discussion of such themes as; public image issues, performance measurement and monitoring, contract procurement and design models, travel choice and demand, and global public transport reform. The book reflects the leading perspectives on the preservation and health of the bus sector, intending to move public transport reform forward. - Compiles in one source up-to-date insights on important public transport themes, issues, and debates - Examines a wide range of public transport topics in the multidisciplinary fields of economics, policy, operations, and planning - Bridges the gap between scientific research and policy implementation
Prof. van Wee draws on extensive research and nearly three decades of professional experience to shine a welcome spotlight on a neglected yet critical area of transportation research and practice: the role of ethics in the ex ante evaluation of infrastructure projects and transportation policies. Aiming more to raise questions and provoke thought than to provide answers, his balanced and systematic treatment of the subject makes the book an invaluable resource one which should be on the shelves and (more importantly) in the minds of every transportation policymaker, planner, and modeler. Patricia L. Mokhtarian, University of California, Davis, US This book on transport ethics fills a clear gap in the literature. Many researchers and practitioners in the transport field are aware that transport policies have important ethical dimensions, but these have not been systematically explored in the literature. Bert van Wee did a great job by bringing transport and ethics together. His decision to focus on ex ante evaluations of transport policies works out very well, since it enables him to achieve considerable depth on a theme that might otherwise be too broad. Piet Rietveld, Free University, Amsterdam, The Netherlands Transport impacts on all aspects of our lives and businesses, but the inclusion of ethics is not seen as a central concern. This book fills a major gap in the literature, through its understanding of the many important dimensions of ethics and its treatment of a range of situations in transport, through asking about the why, what and how as it relates to ethics. The clear conclusion is reached that ethics should feature much more prominently in all transport decisions, but that it is also context specific in both time and space. The approach adopted is transparent and informative, and the author guides the reader through the main conceptual and theoretical issues, using examples to illustrate the range of important ethical choices raised in the evaluation of transport policies and practices. David Banister, University of Oxford, UK This insightful book discusses the use of Cost Benefit Analysis (CBA) for transport policy options from an ethical perspective. Each detailed chapter deals with issues such as; the use and ethical aspects of CBA in transport, social exclusion, the environment and long term sustainability, safety, ethics of research and modelling transport. It summarizes ethics-based critics on CBA and discusses their relevance for accessibility, the environment and safety. In addition it explores ethical dilemmas of doing CBAs and CBA related research. The book concludes with possible avenues for furthering exploring the links between transport and ethics. Transport and Ethics will appeal to researchers in the area of CBA for transport, postgraduate and undergraduate students in transport economics, transport policy, transport planning and transport geography, as well as policy makers in the area of transport.
This book explores analytical methods used in transportation economics and policy analysis. Encompassing fields of economics such as Industrial Organisation, Welfare Economics, General Equilibrium Theory and Input-Output-Analysis, the study of transport from an economic point of view serves as a test bench for applying methodologies of economic science to the real world. Each chapter opens with a brief theoretical introduction before evaluating case studies, using the state-of-the-art statistical and econometric techniques.
