On the Move....: Market for Mobility on the Roads

This Hobart Paper addresses one of the great economic and social problems of our time: the suboptimal allocation of resources that has arisen from the incompatible financial, fiscal and regulatory regimes for the various modes of inland transport. In order to simplify the argument, it concentrates on the movement of people, whose demand for access to satisfactions gives rise to the derived demand for mobility with with the paper is concerned. The argument rests on the assumption that such s...