AbstractThis 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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Bibliographic InfoPaper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 553.
Date of creation: 13 Jan 2003
Date of revision:
Publication status: published in Randolph W. Hall, ed., Handbook of Transportation Science, 2nd ed., Kluwer Academic Publishers, 2002.
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Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
Web page: http://fmwww.bc.edu/EC/
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Transport economics; Urban transportation; Congestion pricing;
Find related papers by JEL classification:
- R49 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-01-19 (All new papers)
- NEP-MIC-2003-01-20 (Microeconomics)
- NEP-RES-2003-01-19 (Resource Economics)
- NEP-URE-2003-01-19 (Urban & Real Estate Economics)
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