This paper discusses a specific part of sustainable transport policy, namely policies to reduce greenhouse gas emissions from the transport sector. We explain how assessments of such policies will overestimate their effectiveness if market responses are not taken into account. The substantial...

This paper discusses the economics of three environmental and energy issues in transport: local air pollution, energy supply and climate change. The focus is on road transport as the dominant transport mode. The application of the main environmental instruments is briefly discussed for local air...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

There are two main sources of inefficiency in urban transport markets. First, transport prices fail to reflect the external costs of travel, notably peak-period external congestion costs. Secondly, a large percentage of drivers park for free, particularly at the workplace. Economic theory...

We study duopolistic pricing by ports that are congestible, share the same overseas customers and have each a downstream, congestible transport network to a common hinterland. In the central set-up, local (country) governments care about local welfare only and decide on the capacity of the port...

This article examines long-term trends and broad policy options and challenges related to the road transport sector and its congestion and environmental impacts. A brief review of long-term projections of demand for road transport suggests that problems related to road network congestion and...