This paper examines the relationship between traffic fatalities and income for vehicle occupants and pedestrians and investigates factors underlying the decline in fatalities per vehicle kilometre travelled (VKT) using panel data for 32 countries from 1963-2002. Results suggest the...

We examine the implications of search unemployment for the evaluation of a transport investment in a conventional cost benefit analysis (CBA) assuming perfect competition. Lower transport costs induce search over a larger area and longer commuting distances. The expected duration of vacancies is...

Optimal economic charging for transportation infrastructure requires the meeting of numerous conditions to achieve first-best traffic flows. In practice, these types of assumption are not met, and first-best pricing is seldom tenable. Second-best approaches pose particular problems for atomistic...

This paper presents a model of a transport system with two road links in a series that describes traffic patterns under various pricing regimes. We consider various mixes of road operation including private-public toll roads, free-private toll roads, and free- public toll roads. We derive the...

Mohring (1972) argues that urban public transport exhibits considerable economies of scale if users' waiting time is included in the cost function. The implication is that without subsidisation, frequencies will be lower than socially optimal. This paper analyses this argument and shows that...

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This paper investigates the effects of congestion pricing implemented at a gateway (port or airport) on its hinterland's optimal road pricing, road congestion and social welfare. We find that if the gateway maximises the joint profit of itself and its oligopoly carriers, its charge will rise,...

Environmental and transport policies based on marginal external costs, such as a kilometre tax for heavy goods vehicles, can be constrained by the risk of industries incurring higher production costs than competitors in other countries. We estimate factor demand elasticities in the wood and the...

The research aims to estimate the relative importance and value for freight shippers of transport qualitative factors: service frequency, transport time, reliability of delivery, carrier's flexibility, and safety. A stated preference experiment with transport managers provided a sample of...

This paper applies econometric methods to estimate marginal track maintenance cost in Britain - for the first time. The British case is the most radical example of rail reform in the world, and the 2005 Railway Act has resulted in a new and unique regulatory process for determining funding and...