Transport Economics

Richard Arnott () and Marvin Kraus ()

No 553, Boston College Working Papers in Economics from Boston College Department of Economics

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.

Keywords: Transport economics; Urban transportation; Congestion pricing (search for similar items in EconPapers)
JEL-codes: R49 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mic, nep-res and nep-ure
Date: 2003-01-13
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Published in Randolph W. Hall, ed., Handbook of Transportation Science, 2nd ed., Kluwer Academic Publishers, 2002.

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Persistent link: http://EconPapers.repec.org/RePEc:boc:bocoec:553

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