By Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman

ISBN-10: 1847202039

ISBN-13: 9781847202031

Bringing jointly insights and views from as regards to 70 of the world's major specialists within the box, this well timed Handbook presents an up to date consultant to the newest and state of the art advances in delivery economics.

The entire insurance contains themes similar to the connection among shipping and the spatial economic climate, contemporary advances in go back and forth call for research, the exterior expenditures of shipping, funding appraisal, pricing, fairness matters, pageant and law, the position of public - deepest partnerships and the improvement of coverage in neighborhood bus providers, rail, air and maritime delivery.

This Handbook is designed either to be used on postgraduate and complex undergraduate classes and as a reference for an individual operating within the box. It additionally enhances the textbook Principles of shipping Economics.

Contributors include: S.P. Anderson, H. Andersson, R. Arnott, B. Bartin, L. Basso, A. Behar, M. Ben Akiva, Y. Berechman, M. Beuthe, C.R. Bhat, J. Brocker, M.R. Brooks, okay. Button, C.G. refrain, J. Clougherty, M. Delucchi, A. de Palma, A. Estache, R. Friedrich, J. Gifford, D. Gillen, D. Graham, D. Hensher, E. Iossa, S. Jara-Diaz, E. Juan, Y. Kanemoto, M. Lafourcade, J. Laird, R. Lindsey, D. Mac Fadden, P. Mackie, D. Martimort, D. McCubbin, H. Meersman, J. Mercenier, C. Nash, T. Oum, ok. Ozbay, A.R. Pinjari, M. Ponti, S. Proost, R. Renault, P. Rietveld, E. Quinet, G. Santos, T. Tabuchi, J. Thisse, H.J.P. Timmermans, A. Trannoy, N. Treich, L. Trujillo, T. Vanelslander, E. Van de Voorde, A.J. Venables, E. Verhoef, R. Vickerman, J. Walker, W.G. Waters II, M. Wegener, ok. Yamaguchi, O. Yanmaz-Tuzel, Y. Yoshida, A. Zhang, Y. Zhang

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Extra resources for A Handbook of Transport Economics

Example text

After reviewing the value of information from a generic conceptual perspective, it develops specific formalizations of information value for the three types of PITA service. Any means of allocation has distributive implications. In his chapter (Equity dimensions of transport policy), Alain Trannoy argues that equity has been a much less central concept in transport than in other fields such as education, health or housing. He reviews the equity dimensions arising in the design of transport infrastructure, and discusses the relevance and implications of criteria such as maximum or minimum average distance.

The specification is attractive because it accounts for the large amount of crosshauling (that is, two-way trade in identical goods) observed in the data, and given that even at fine levels of activity disaggregation, most countries produce goods in all product categories. The simplest way to implement an Armington system is by assuming that all domestic agents buy units of a common composite basket composed of goods from all geographic origins. The composition and the price of this Armington good result as usual from cost minimization.

Marginal | is now the generalised cost per unit of travel, with utility of income. If s denotes travel, p hs | . The VTTS is the net wage, corrected for the preference term g /l representing VTTS w hs hs h the marginal utility of spending time with travel type s, translated into monetary units by the term 1/lh. Note that the VTTS now not only depends on the wage rate, but also on all prices, travel time, income and the time endowment. The larger ghs is, the more the VTTS is reduced compared to the specification without travel time in the utility function.

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