By Andre de Palma, Robin Lindsey, Emile Quinet, Roger Vickerman

Bringing jointly insights and views from with regards to 70 of the world's top specialists within the box, this well timed Handbook presents an up to date consultant to the newest and cutting-edge advances in delivery economics.

The entire assurance comprises issues equivalent to the connection among delivery and the spatial economic system, fresh advances in trip call for research, the exterior bills of delivery, funding appraisal, pricing, fairness concerns, festival and rules, the position of public - inner most partnerships and the improvement of coverage in neighborhood bus providers, rail, air and maritime delivery.

This Handbook is designed either to be used on postgraduate and complicated undergraduate classes and as a reference for someone operating within the box. It additionally enhances the textbook Principles of shipping Economics.

Contributors include: S.P. Anderson, H. Andersson, R. Arnott, B. Bartin, L. Basso, A. Behar, M. Ben Akiva, Y. Berechman, M. Beuthe, C.R. Bhat, J. Brocker, M.R. Brooks, ok. Button, C.G. refrain, J. Clougherty, M. Delucchi, A. de Palma, A. Estache, R. Friedrich, J. Gifford, D. Gillen, D. Graham, D. Hensher, E. Iossa, S. Jara-Diaz, E. Juan, Y. Kanemoto, M. Lafourcade, J. Laird, R. Lindsey, D. Mac Fadden, P. Mackie, D. Martimort, D. McCubbin, H. Meersman, J. Mercenier, C. Nash, T. Oum, ok. Ozbay, A.R. Pinjari, M. Ponti, S. Proost, R. Renault, P. Rietveld, E. Quinet, G. Santos, T. Tabuchi, J. Thisse, H.J.P. Timmermans, A. Trannoy, N. Treich, L. Trujillo, T. Vanelslander, E. Van de Voorde, A.J. Venables, E. Verhoef, R. Vickerman, J. Walker, W.G. Waters II, M. Wegener, ok. Yamaguchi, O. Yanmaz-Tuzel, Y. Yoshida, A. Zhang, Y. Zhang

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M. Wartenburg, 1966, von Thünen’s Isolated State. Oxford: Pergamon Press. , 1963, Pricing urban and suburban transport. American Economic Review, 59, 452–465. , 1909, Über den Standort der Industrien. Transl. by C. J. Friedrich, 1929, Alfred Weber’s Theory of the Location of Industries. Chicago, IL: University of Chicago Press. indb 20 05/10/2011 11:32 2 General equilibrium models for transportation economics Johannes Bröcker and Jean Mercenier INTRODUCTION Applied – or computable – general equilibrium models (AGE or CGE) build on rigorous modelling of microeconomic agents’ behaviours (households, firms and so forth).

In the sup household’s decision problem we just have to replace FLh in the time constraint with net gross working time TW , and w with the net wage w . L h Lh Firms Firms buy transport services (for both passengers and freight) as a production input. In a multiregional model, firms’ transport demands are explicitly related to the interregional flows of goods. In single region models they are treated just as any other input with one change: firms bear costs not only in money but also in time. Monetary costs for transport can be observed in a sufficiently detailed input–output table, while time costs have to be imputed using travel time information and VTTS estimates for firms.

The simplest way to take this into account is by adding a preference term Ss ghsthsChs to the household’s objective function, with ghs denoting the utility per unit of time spent on travel item s. 35) with | 5 p 2 (g /l ) t 5 (1 1 tZ) pZ 1 w | t p hs hs hs h hs s s hs hs | 5 w 2 g /l . e. marginal | is now the generalised cost per unit of travel, with utility of income. If s denotes travel, p hs | . The VTTS is the net wage, corrected for the preference term g /l representing VTTS w hs hs h the marginal utility of spending time with travel type s, translated into monetary units by the term 1/lh.

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