This Hobart Paper addresses one of the great economic and social
problems of our time: the suboptimal allocation of resources that
has arisen from the incompatible financial, fiscal and regulatory
regimes for the various modes of inland transport. In order to
simplify the argument, it concentrates on the movement of people,
whose demand for access to satisfactions gives rise to the derived
demand for mobility with with the paper is concerned. The argument
rests on the assumption that such satisfactions can only be
assessed subjectively and that there is no planning technique which
will ensure the provision of the required mobility at a quality and
price that will clear the market. Having reviewed the various
'means to mobility', the paper concludes that measures to harmonise
their investment, taxation and regulatory regimes so as to create
an integrated market form the basis for the only 'national
transport policy' that can have either meaning or success.
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