Transport Economics: An Institutional, Policy, and Human Factors Approach

This book takes an interdisciplinary, institutional, and historically informed approach to the economics of transport, providing a more nuanced and complete understanding of human transport choices, individually and collectively, and the related choice of location, including the formation of cities.

The first principles of standard economic theory – referred to here as the core model – are systematically analysed, with a particular focus on the strengths and weaknesses of the simplifying ass...