Applications of Production Theory in Transportation

Phill Wheat (), Kristofer Odolinski () and Andrew Smith ()
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Phill Wheat: University of Leeds
Kristofer Odolinski: University of Leeds
Andrew Smith: University of Leeds

Chapter 39 in Handbook of Production Economics, 2022, pp 1491-1524 from Springer

Abstract: Abstract In this chapter, the experience of production and cost analysis in transportation is reviewed. The key production and cost analysis needs of the sector can be identified providing strategic operational insight, establishing evidence as to which market and regulatory structures yield best outcomes and providing the evidence base for regulatory scrutiny either through yardstick competition or more formal price cap regulation. The upshot of this is that transportation has provided the motivation and illustration for many innovations within production, cost, and efficiency methods, and this chapter brings to life the issues and solutions found in the sector.

Keywords: Transport infrastructure; Public transport; Marginal cost; Cost efficiency; Railways; Roads; Air transport (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-10-3455-8_39

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