Urban Transport Economics

A comprehensive review of the economics of urban transportation. This book presents mutually consistent models of demand, cost, pricing, investment criteria, and industrial organization; these can be combined to describe equilibria of the entire urban transportation system under various policies. Models are described with empirical content and international data are used to demonstrate how the models can be applied. The importance of highway transportation is reflected in the attention paid to models of congestion and highway investment. The author goes beyond standard congestion models by incorporating people's choice for timing their trips. This book is intended as an advanced textbook and reference volume for graduate students and researchers in transportation, urban economics, and related fields.