By Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman
Bringing jointly insights and views from on the subject of 70 of the world's prime specialists within the box, this well timed Handbook offers an up to date consultant to the latest and cutting-edge advances in shipping economics.
The finished insurance comprises subject matters comparable to the connection among delivery and the spatial economic climate, contemporary advances in go back and forth call for research, the exterior expenses of shipping, funding appraisal, pricing, fairness matters, pageant and law, the function of public - deepest partnerships and the advance of coverage in neighborhood bus companies, rail, air and maritime shipping.
This Handbook is designed either to be used on postgraduate and complex undergraduate classes and as a reference for somebody operating within the box. It additionally enhances the textbook Principles of shipping Economics.
Contributors include: S.P. Anderson, H. Andersson, R. Arnott, B. Bartin, L. Basso, A. Behar, M. Ben Akiva, Y. Berechman, M. Beuthe, C.R. Bhat, J. Brocker, M.R. Brooks, ok. Button, C.G. refrain, J. Clougherty, M. Delucchi, A. de Palma, A. Estache, R. Friedrich, J. Gifford, D. Gillen, D. Graham, D. Hensher, E. Iossa, S. Jara-Diaz, E. Juan, Y. Kanemoto, M. Lafourcade, J. Laird, R. Lindsey, D. Mac Fadden, P. Mackie, D. Martimort, D. McCubbin, H. Meersman, J. Mercenier, C. Nash, T. Oum, ok. Ozbay, A.R. Pinjari, M. Ponti, S. Proost, R. Renault, P. Rietveld, E. Quinet, G. Santos, T. Tabuchi, J. Thisse, H.J.P. Timmermans, A. Trannoy, N. Treich, L. Trujillo, T. Vanelslander, E. Van de Voorde, A.J. Venables, E. Verhoef, R. Vickerman, J. Walker, W.G. Waters II, M. Wegener, ok. Yamaguchi, O. Yanmaz-Tuzel, Y. Yoshida, A. Zhang, Y. Zhang
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Additional info for A Handbook of Transport Economics
It should be clear from what precedes that, in principle at least, any kind of microeconomic behaviour and any degree of disaggregation of agents can be built in an applied GE, and it will always be possible to evaluate and compare equilibria in terms of individual welfare. For this reason AGE models are now indispensable tools of policy analysis. See Shoven and Whalley (1984) for an introduction and Ginsburgh and Keyzer (1997) for an advanced textbook presentation; see Srinivasan and Whalley (1986), Mercenier and Srinivasan (1994) and Fossati and Wiegard (2002) for illustrative applications.
Hence, using this outside information, it is possible to calibrate variables related to the individual firm from data on industry aggregates. It is clearly beyond the scope of this chapter to detail the entire possible alternative modelling strategies of imperfectly competitive markets. For illustrative purpose, let us assume that products are homogeneous within the sector and that the competitive game is ‘Nash in output’ (or Cournot–Nash), that is, firms choose the level of their production scale to maximize profits, expecting no reaction from their competitors (a reasonable assumption if the number of competitors is large enough).
The advent of ATIS and other technological developments in information and communication will have wide-ranging implications for passenger and freight transport that deserve attention. Encouragingly, the theory of regulation is gaining influence with regulatory policy makers as well as becoming better at predicting outcomes, and with further advances it can be hoped that a better balance between competition and appropriate forms of regulation can be achieved. It is clear from this non-exhaustive review that transport economics is an evolving field and that the state-of-the art developed in this Handbook will have to be updated in due course.
A Handbook of Transport Economics by Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman