Transport continues to present considerable challenges for both policymakers and economists throughout the world. This book provides an analytical approach to transport economics and transport policy, showing how economic principles can be applied to problems and practical solutions derived. market structure, externalities, investment appraisal and regulation, the book also examines the wider role of transport in the economy as a whole. In addition, the authors address the link between transport and issues of location, urban and regional development, and economic growth. Throughout the book...

Transport continues to present considerable challenges for both policymakers and economists throughout the world. This book provides a rigorous analytical approach to transport economics and transport policy, showing how economic principles can be applied to problems and practical solutions derived. As well as providing detailed coverage on the conventional topics of demand, costs, market structure, externalities, investment appraisal and regulation, the book also examines the wider role of transport in the economy as a whole. In addition, the authors address the important link between...