Transport Economics
An Institutional, Policy, and Human Factors Approach
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
This book takes an interdisciplinary, institutional, and historically informed approach to the economics of transport, providing a more nuanced and complete understanding of human transport choices, individually and collectively, and the related choice of location, including the formation of cities.
The first principles of standard economic theory – referred to here as the core model – are systematically analysed, with a particular focus on the strengths and weaknesses of the simplifying assumptions used. The economic dynamics of modern transport systems are explored in light of theory and practice, covering such topics as the role of incentives, technological change and economic growth, and the enabling role that transport plays in productivity. Many historical and present-day examples are provided to explore the real-world nuance and subtlety that crops up repeatedly in transport activity, using additional disciplinary lenses such as planning, engineering, psychology, and sociology. Overall, the book examines the implications of the unique particularities of human beings, including the quirks of their psychologies and physical bodies, for transport planning, development, and implementation. A focus is kept on the "real world" policy complications that arise so frequently in the transport arena.
The book, while aimed at university students, will also appeal with its holistic, thoughtful approach to researchers interested in transport, urban planning, and its effective delivery. Policy-makers and practitioners seeking a broad overview of the field beyond their specialisations will also enjoy this book.
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Information
Table of contents
- Cover
- Half-Title Page
- Title Page
- Copyright Page
- Dedication
- Table of Contents
- List of boxes
- Acknowledgements
- List of acronyms and abbreviations
- Glossary of main transport and economics terms
- Useful websites and further reading
- Section 1 Transport economics basics
- 1 Introduction
- 2 Basic elements
- 3 Markets
- 4 Geography
- Section 2 Transport demand
- 5 User travel choices
- 6 Modes and mode choice
- 7 Cost
- 8 Transport and the human body
- Section3 Transport supply
- 9 Infrastructure and vehicles
- 10 Finance and funding
- 11 Planning, management, and governance
- 12 Operational issues
- Section 4 “System” policy issues
- 13 Externalities and other market failures
- 14 Justice, equity, disadvantage, and social exclusion
- 15 Economic evaluation of transport
- 16 Logistics, freight, and supply and value chains
- 17 Resilience and sustainability
- 18 Political economy
- 19 Human factors
- 20 Micro-mobility versus large networks and mobility as a service (MaaS)
- 21 Some conclusions above the past, present, and future
- Index