Taking a comprehensive approach to two central, closely intertwined themes in the field of transport economics, this illuminating Handbook recognises the critical socioeconomic importance of transport pricing and financing. The expert contributors provide insights into how pricing goes beyond fulfilling pure financial requirements, and may help pursuing economic efficiency. The Handbook also devotes attention to new technologies such as digital payment channels, information provision, and dynamic pricing techniques. The authors cover the challenges and opportunities caused by the appearance of new modes of transport such as ride-hailing and automated vehicles. Furthermore, this timely Handbook also helps to address ongoing global issues such as climate change and sustainable development, explicitly recognizing challenges faced in regions across Africa, the Americas, Asia, Europe and Oceania. This immersive Handbook will provide undergraduate and postgraduate students of economics, environmental science, transport, political science and urban planning studies with a useful introduction to the topics and the necessary tools to undertake research in transport pricing and financing. Practitioners wishing to understand the theory behind transport pricing and financing decisions will also find this Handbook a useful resource.

The regulation of road transport externalities - environmental pollution, noise annoyance, accidents and congestion - is one of the most important issues in contemporary transport policies.The Economics of Regulating Road Transport explores welfare economic evaluations - in terms of efficiency as well as equity and social feasibility - of regulatory policies and policy mixes directly aimed at, or indirectly connected to the containment of market failures in road transport. The discussion ranges from static analyses at the level of individual actors and firms to the dynamic behaviour of large spatio-economic systems. Part one explores the economic rationale behind regulating road transport, part two investigates issues of efficiency in the regulation of road transport and part three discusses the issue of equity and social feasibility versus efficiency. This book will be of interest to students of environmental economics and transport economics and to transport and environmental policymakers at the local, regional, national and international level.

This essential two-volume collection contains the most influential articles written over the past eight decades that contribute to an understanding of the economics of traffic congestion. The first volume explores the classic contributions on congestion and road pricing and includes papers in dynamic models and second-best congestion pricing. The second volume analyses ownership arrangements such as private roads, investment and financing, urban land use, social acceptability and distributional aspects of road pricing. Erik Verhoef has written an insightful introduction which provides a clear overview of a problem which is of major importance in both developed and developing countries.

The majority of societies are facing a conflict between the increasing levels of road traffic congestion, especially during peak hours and in urban areas, and a decline in the social acceptability of road expansion. This has led governments as well as non-governmental organizations to consider other methods of reducing road traffic. This book examines the efficiency and feasibility of the regulation of road traffic congestion in theory and practice, and within the context of social and political feasibility.As long ago as the 1920s it was recognized that road pricing offered an efficient means of handling congested road traffic flows. Since then the severity of traffic congestion has increased so dramatically that it has turned the matter from an academic interest into one of the most serious problems affecting urbanized areas and transport arteries today. Increasing transport levels have other important external costs such as environmental effects, noise annoyance and accidents. As a result the need to find effective means of relieving congestion has become an important issue both at the national and local level. This book examines Pigouvian taxes, the most popular policy prescription among economists, as well as considering a variety of other policies which may be more politically and socially acceptable. The contributors discuss alternatives to Pigouvian taxes, as well as congestion and urban development, congestion pricing and road infrastructure investment, and road pricing and urban sustainability. This important and timely book will become an essential reference source for policymakers at the national and local level as well as academics and postgraduate students interested in transport economics and environmental economics.

Transport pricing is high on the political agenda throughout the world, but as the authors illustrate, governments seeking to implement this often face challenging questions and significant barriers. The associated policy and research questions cannot always be addressed adequately from a mono-disciplinary perspective. This book shows how a multi-disciplinary approach may lead to new types of analysis and insights, contributing to a better understanding of the intricacies of transport pricing and eventually to a potentially more effective and acceptable design of such policies. The study addresses important policy and research themes such as the possible motives for introducing road transport pricing and potential conflicts between these motives, behavioural responses to transport pricing for households and firms, the modelling of transport pricing, and the acceptability of pricing. Studying road transport pricing from a multi-disciplinary perspective, this book will be of great interest to transport policymakers and advisors, transport academics and consultants and students in transport studies.

The impact of transport on the environment is a major issue of worldwide concern. This important new book presents state-of-the-art contributions on spatial and technological aspects of transport in relation to environmental degradation, together with analysis of sustainable transport policy. The first part of the book focuses on policy analysis. A sustainable transport strategy should include all elements of the transport sector, transcend the usual time and space constraints and address economic and equity concerns, in addition to the environmental targets it is often designed to meet. The second part concerns technological issues. The authors do not simply describe technological possibilities, but are instead concerned with broader issues such as scenario development and implementation strategies. The third part concerns spatial aspects, including an increasing spatial level in discussing sustainable transport issues, from the local and urban level to global aspects of sustainable transport. Transport and Environment thus offers a multi-disciplinary perspective on the multifaceted field of sustainable transport. The distinguished array of contributors and broad scope of the work will ensure this book is essential reading for scholars of transport and environmental economics, policymakers and those involved in urban and transport planning.