This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected...

chapter 1 Objectives, Scope, and Structure -- chapter 2 The Policy Framework of Project Evaluation -- chapter 3 Welfare Foundations of Project Appraisal -- chapter 4 Transportation Benets from Infrastructure Improvements -- chapter 5 Measuring the Costs of Transportation Investment Projects --...

A $450 million light rapid rail transit (LRRT) system is currently under construction in Buffalo, New York. This project represents a large public investment for a transportation system for which user benefits are not the sole or even a major consideration. Anticipated increases in service...

Numerous studies have found positive correlation between transportation infrastructure investment and economic development. Basically these studies use a conventional production function model augmented by a public capital input, mainly highways, rail and other transportation facilities. While...

NY region is expected to grow by additional 1 million people by 2020, which translates into roughly 70 million more tons of goods to be delivered annually. Due to lack of rail capacity, mainly trucks will haul this volume of freight, challenging an already much constrained highway network. What...

The impact of highway investments on economic development is investigated. Spatial and temporal aspects of transportation investments are studied by analyzing lagged and spillover effects, and the contribution of past output levels to the current output using a dynamic model. County level data...

This paper develops, evaluates and ultimately aids in the choosing of an optimal, single allocation, hub-and-spoke network for an airline working in a deregulated market. An integer linear program evaluates potential hub network combinations, whose profits are then determined using a non-linear...

There seems to be a general move within Europe and North America towards a reduction in economic regulation and a further move towards public enterprise privatisation. This paper takes a European-wide analysis of the conditions of competition and contestability within the bus industry. The first...