Essays on Transport Economics

An analysis of the history of economic thought reveals that transport and econ- ics have always gone hand-in-hand. Many methodological developments in e- nomic theory have emerged from the sphere of transport; Jules Dupuit (1849) and Arthur C. Pigou (1912), for example, proposed price setting in transport inf- structures, particularly on congested roads. This issue is referred to in economic literature as optimum price setting and is still the subject of much attention even today. It is dif...