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Full Description
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.
Contents
Table of Contents
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
Section 3: Transport supply
9. Infrastructure and vehicles
10. Finance and funding
11. Planning, management and governance
12. Operational issues
Section 3: "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
