Practically everybody in the community uses the transport system,
and an eighth of personal consumption expenditure in Britain is
spent on transport. This book, first published in 1980 and revised
in 1984, presents a synthesis of theoretical and empirical material
to explain the elements of transport economics. These include
demand, supply, pricing and investment, and the importance of
institutional arrangements is emphasised in chapters on transport
planning, and on international transport, in which shipping and
airline economics are analysed.
General
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