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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.
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