In the last 20 years light rail schemes have been introduced in many European cities. Previous studies indicate the benefits of these schemes seem to have been sometimes overestimated. This paper tries to understand the circumstances in which light rail schemes can be truly worthwhile compared...

Transport improvements can give rise to industrial reorganisation benefits. When a monopoly owns all firms and bears the transport costs, these benefits are all captured in a transport cost-benefit analysis (CBA). In the free market case, industrial reorganisation benefits are proportionally...

American railroads carry a trivial share of most intermediate and finished products. This paper argues that the vertically integrated structure of the US railroad industry contributes to the reluctance to invest in rail-based distribution systems for finished products and parts. Encouraging...

The paper addresses the issue of how small time savings are handled in the appraisal of transport proposals. A review is made of the policy of eleven governments and this is followed by a critical discussion of the treatment of small time changes that have been estimated in Stated Choice (SC)...

Cost-benefit analyses (CBA) are often questioned on the grounds that results depend crucially on uncertain assumptions about the future, and on ethically or methodologically contestable trade-offs between different types of benefits. This paper explores the robustness of CBA rankings of...

We use a difference-in-difference estimator to examine the effects of a merger between three airline companies on two types of route: (1) on those where two low-cost carriers and (2) on those where a network carrier and one of the low-cost airlines had previously been competing. We report a...

Recent performance indicators in the European road freight transport sector show there is an excess capacity. To shed light on this, this paper studies two aspects of capacity utilisation in trucking: the extent of empty running and the load factor. Using a joint econometric modelling framework,...

This paper applies a pseudo panel approach to analyse public transport demand and estimate short-run and long-run demand elasticities in Sydney. A dynamic Partial Adjustment Model is employed to capture the lagged adjustments of public transport users' travel behaviour, which differentiate...

We analyse the scheduling decisions of competing transport operators, using a horizontal differentiation model with price-sensitive demand and asymmetric distance costs. Two competitors choose fares and departure times in a fixed time interval; consumers' locations indicate their desired...

This paper assesses the technical efficiency (TE) of the infrastructure of sixty-three major airports in Brazil. We use the order-m approach in which airports are benchmarked against an expected minimum input frontier. Despite being a non-parametric estimator, the order-m is robust to noise in...