The Economics of Regulating Road Transport

by Erik Verhoef

Overview

The regulation of road transport externalities - environmental pollution, noise annoyance, accidents and congestion - is one of the most important issues in contemporary transport policies.

The Economics of Regulating Road Transport explores welfare economic evaluations - in terms of efficiency as well as equity and social feasibility - of regulatory policies and policy mixes directly aimed at, or indirectly connected to the containment of market failures in road transport.

The discussion ranges from static analyses at the level of individual actors and firms to the dynamic behaviour of large spatio-economic systems. Part one explores the economic rationale behind regulating road transport, part two investigates issues of efficiency in the regulation of road transport and part three discusses the issue of equity and social feasibility versus efficiency.

This book will be of interest to students of environmental economics and transport economics and to transport and environmental policymakers at the local, regional, national and international level.

Product Details

ISBN-13:	9781858983646
Publisher:	Edward Elgar Publishing
Publication date:	02/05/1997
Edition description:	1997 Edition
Pages:	288
Product dimensions:	6.12(w) x 9.25(h) x (d)

About the Author

Erik Verhoef, Professor of Spatial Economics, Department of Spatial Economics, Vrije Universiteit Amsterdam, the Netherlands

Editorial Reviews

'In sum, this book with its focus on individual behaviour and demand for travel is a refreshing change from supply augmenting policies and technical fixes that are routinely advocated in this field (but which do not work in the long run). It is not often that one comes across research which is theoretically and empirically sound and at the same time has immediate policy relevance. Economists interested in transport issues in third world cities may do worse than mull over Verhoef's findings and conclusions as they wait in traffic jams.'

From the Publisher

For students and policy makers interested in environmental and transportation economics, Verhoef (spatial econometrics, Free U. of Amsterdam) explores welfare economic evaluations of regulatory policies aimed directly or indirectly at containing market failures in road transportation. Taking account of efficiency, equity, and social feasibility, his discussions range from static analyses at the level of individual actors and firms, to the dynamic behavior of large spatio-economic systems. Most of the chapters draw heavily from articles previously published or forthcoming in professional journals. Annotation c. by Book News, Inc., Portland, Or.

Booknews