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Transport Economics

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Author Info
Richard Arnott () (Boston College)
Marvin Kraus () (Boston College)

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Abstract

This paper is concerned with the application of microeconomic theory to resource allocation in the transportation sector. The basic questions it addresses are how transportation should be priced and how capacity should be determined. Three models, the traditional highway pricing and investment model, the highway bottleneck model, and the traditional model of mass transit pricing and service, are employed to develop principles common to all transportation modes. This paper has been published as a chapter with the same title in Randolph W. Hall, ed., Handbook of Transportation Science, 2nd ed., Kluwer Academic Publishers, 2002.

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Publisher Info
Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 553.

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Date of creation: 13 Jan 2003
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Publication status: published in Randolph W. Hall, ed., Handbook of Transportation Science, 2nd ed., Kluwer Academic Publishers, 2002.
Handle: RePEc:boc:bocoec:553

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Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
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Related research
Keywords: Transport economics Urban transportation Congestion pricing

Find related papers by JEL classification:
R49 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Other

This paper has been announced in the following NEP Reports:

Cited by:
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  1. Richard Arnott, 1997. "Congestion Tolling and Urban Spatial Structure," Boston College Working Papers in Economics 389., Boston College Department of Economics. [Downloadable!]
  2. Traub, Stefan & Missong, Martin, 2003. "On the Public Provision of the Performing Arts," Economics working papers 2003,02 [rev.], Christian-Albrechts-University of Kiel, Department of Economics. [Downloadable!]
    Other versions:
  3. Erik Verhoef, 1997. "Time-Varying Tolls in a Dynamic Model of Road Traffic Congestion with Elastic Demand," Tinbergen Institute Discussion Papers 97-028/3, Tinbergen Institute. [Downloadable!]
  4. Romeo Danielis & Edoardo Marcucci, . "Bottleneck Congestion and Modal Split Revisited," Working Papers 1999.5, Fondazione Eni Enrico Mattei. [Downloadable!]
  5. Eduardo Engel & Ronald Fischer & Alexander Galetovic, 1999. "Toll competition among congested roads," Documentos de Trabajo 54, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
    Other versions:
  6. Erik Verhoef & Jan Rouwendal & Piet Rietveld, 1997. "Congestion caused by Speed Differences," Tinbergen Institute Discussion Papers 97-105/3, Tinbergen Institute. [Downloadable!]
    Other versions:
  7. Erik Verhoef & Mark Lijesen, 1998. "The Economic Effects of Road Pricing in the Randstad Area," Tinbergen Institute Discussion Papers 98-078/3, Tinbergen Institute. [Downloadable!]
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