Urban transportation involves imprtant nonlinearities in two ways: in its purpose and in its form of provision. Under such conditions, there is ample room for market failures and it is not surpising that public intervention plays a heavy role. But public policy failures are common too, and many of the issues currently at the forefront of urban transportation policy involve how to make public intervention more beneficial. In particular, to what extent can market mechanisms be relied upon, either unregulated or as models for public activities? In this chapter, we examine the role that economic analysis plays in analyzing such questions.
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Publisher Info
Paper provided by California Irvine - School of Social Sciences in its series Papers with number
95-96-4.
Small, Kenneth A. & Gomez-Ibanez, Jose A., 1999.
"Urban transportation,"
Handbook of Regional and Urban Economics,
in: P. C. Cheshire & E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 3, chapter 46, pages 1937-1999
Elsevier.
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Find related papers by JEL classification: R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion R49 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Other R10 - Urban, Rural, and Regional Economics - - General Regional Economics - - - General
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