By Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman
Bringing jointly insights and views from on the subject of 70 of the world's prime specialists within the box, this well timed Handbook presents an up to date consultant to the latest and cutting-edge advances in shipping economics.
The entire assurance contains subject matters similar to the connection among shipping and the spatial economic climate, fresh advances in shuttle call for research, the exterior expenses of delivery, funding appraisal, pricing, fairness concerns, festival and legislation, the position of public - deepest partnerships and the improvement of coverage in neighborhood bus prone, rail, air and maritime shipping.
This Handbook is designed either to be used on postgraduate and complex undergraduate classes and as a reference for a person operating within the box. It additionally enhances the textbook Principles of delivery 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
Drawing on a broad literature survey they first examine the major characteristics of demand and costs for local bus service and how they can be estimated. They then describe the characteristics of competition which appears to play out mainly with respect to service frequency rather than fares. indb 14 05/10/2011 11:32 Introduction 15 overwhelmingly suggest that the industry is not contestable. Local operators usually have monopoly power and can earn high profits. Various factors militate against contestability: entry barriers; sunk costs; the advantages of incumbents in terms of economies of experience, scale, traffic density and scope; the use of practices that raise rivals’ costs and the ability of incumbents to changes fares and timetables rapidly.
The chapter briefly touches upon the transportation demand management (TDM) literature as it relates to the management of scarcity before concluding with a summary of the challenges in designing effective TDM tools, and identifying opportunities for future research. PART V: COMPETITION AND REGULATION This final part of the Handbook considers various issues related to how the mix of competitive forces and regulatory constraints affects transport markets. The discussion draws on the theories of asymmetric information, uncertainty, incentives and contracts.
Nevertheless, it is possible from the contents of the Handbook to highlight a number of subjects and policy issues deserving further attention. We mention just a few here. As the chapters in Part I demonstrate, our understanding of the relationship between transport and the spatial economy has changed fundamentally in the past two decades and the topic is wide open for more theoretical and empirical research. For example, only recently has reliable empirical evidence become available on the magnitude of the economy-wide impacts of transport projects and further work could confirm that these effects should be incorporated into standard project evaluation practice.
A Handbook of Transport Economics by Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman