This new edition of the seminal textbook
The Economics of Urban Transportation
incorporates the latest research affecting the design, implementation, pricing, and control of transport systems in towns and cities. The book offers an economic framework for understanding the societal impacts and policy implications of many factors including congestion, traffic safety, climate change, air quality, COVID-19, and newly important developments such as ride-hailing services, electric vehicles, and autonomous vehicles.
Rigorous in approach and making use of real-world data and econometric techniques, the third edition features a new chapter on the special challenges of managing the energy that powers transportation systems. It provides fully updated coverage of well-known topics and a rigorous treatment of new ones.
All of the basic topics needed to apply economics to urban transportation are included:
Forecasting demand for transportation services under various conditions
Measuring costs, including those incurred by users and incorporating two new tools to describe congestion in dense urban areas
Setting prices under practical constraints
Evaluating infrastructure investments
Understanding how private and public sectors interact to provide services
Written by three of the field’s leading researchers,
is essential reading for students, researchers, and practicing professionals in transportation economics, planning, engineering, or related disciplines. With a focus on workable models that can be adapted to future needs, it provides tools for a rapidly changing world.