Transport Economics: Theory, Application and Policy [Hardcover]

This examination of transport economics brings alive economic theories for students, elucidating traditional concepts by applying them to a real world context. It examines the microeconomic concepts that underpin this sector and the implications for transport markets with real examples from across the EU.

Accompanying online resources for this title can be found at bloomsburyonlineresources.com/transport-economics. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.

GRAHAM MALLARD holds a degree in Economics from the University of Cambridge and is an experienced teacher of the subject at a range of levels, including further education.

STEPHEN GLAISTER CBE is Professor of Transport and Infrastructure at Imperial College London, UK and is a member of the Board of Transport for London
GRAHAM MALLARD holds a degree in Economics from the University of Cambridge and is an experienced teacher of the subject at a range of levels, including further education.

STEPHEN GLAISTER CBE is Professor of Transport and Infrastructure at Imperial College London, UK and is a member of the Board of Transport for London

Foreword Professor Geoff Harcourt of Jesus College, The University of Cambridge
Introduction
PART ONE: SETTING THE SCENE
The History of Transport
The Importance of Transport
PART TWO: THE THEORY OF MARKETS
The Demand for Transport
Markets, Costs and Revenues
Competition and Contestability
Monopoly
Monopolistic Competition
Oligopoly
Mathematical Appendix
PART THREE: MARKET FAILURE
Externalities
Public and Demerit Goods
Inequality and Asymmetric Goods
PART FOUR: POLICY
Privatisation and Deregulation
Project Appraisal Cost-Benefit Analysis
Transport Investment
General Forms of Government Intervention
Tackling Traffic Congestion
PART FIVE: THE FUTURE.