Kenneth A.Small – The Economics of Urban Transportation

Kenneth A.Small – The Economics of Urban Transportation

This timely new edition of Kenneth A. Small’s seminal textbook Urban Transportation Economics, co-authored with Erik T. Verhoef, has been fully updated, covering new areas such as parking policies, reliability of travel times, and the privatization of transportation services, as well as updated treatments of congestion modelling, environmental costs, and transit subsidies.

Rigorous in approach and making use of real-world data and econometric techniques, it contains case studies from a range of countries including congestion charging in Norway, Singapore and the UK, light rail in the Netherlands and freeway tolls in the US.

Small and Verhoef cover all basic topics needed for any application of economics to transportation:

• forecasting the demand for transportation services under alternative policies
• measuring all the costs including those incurred by users
• setting prices under practical constraints
• choosing and evaluating investments in basic facilities
• designing ways in which the private and public sectors interact to provide services.
  

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