? The London School of Economics and the University of Bath 2001

This paper examines the question of why some states impose tolls while others rely more heavily on fuel and other taxes. A model to predict the share of street and highway revenue from tolls is estimated as a function of the share of non-resident workers, the policies of neighbouring states,...

Michael Beesley made many important contributions to the development of Cost Benefit Analysis. The M1 was the first CBA in the UK which can claim to be economically satisfactory. The Victoria Line study was a further step to comprehensiveness and its second stage showed how practically important...