The Economics of Urban Transportation

This new edition of The Economics of Urban Transportation incorporates the latest research, trends and developments which affect the planning, implementation, and design of transport systems in our towns and cities. These include the impact of climate change, the rise of car-sharing services, new approaches to congestion, alternative fuels and the prospect of driverless cars. This edition also provides increased coverage of topics in aviation including airline networks, runway pricing and airport capacity to incorporate the full range of modes of urban transportation.

Rigorous in approach and making use of real-world data and econometric techniques, the book contains case studies from a range of countries including congestion charging in Norway, Singapore and the UK, light rail in the Netherlands and freeway tolls in the US.

This text covers all basic topics needed for any application of economics to transportation:

• forecasting the demand for transportation services under alternative policies
• measuring all the costs including those incurred by users
• setting prices under practical constraints
• choosing and evaluating investments in basic facilities
• designing ways in which the private and public sectors interact to provide services.

This book will be of great interest to students with basic calculus and some knowledge of economic theory who are engaged with transportation economics, planning, or engineering, and many related fields. It will also be essential reading for researchers in any aspect of urban transportation.