The Economic Theory of Transport Pricing

This chapter gives an overview of the economics of transport pricing and provides some basic understanding of key issues important for prices in transport markets. The pricing policy adopted depends upon objectives. The objective of economic efficiency may be most important to society; prices must then be equal to marginal social costs. In most cases, however, actual transport prices deviate from marginal costs due to specific transport market conditions (e.g. externalities) and the presence of constraints (e.g. practical and legal). The regulator has then obviously to resort to “second-best” pricing: setting prices that are available optimally under the constraints applying.

  • Availability:
  • Supplemental Notes:
    • Abstract reprinted with permission from Elsevier.
  • Corporate Authors:

    Elsevier

    Linacre House, Jordan Hill
    Oxford,   United Kingdom  OX2 8DP
  • Authors:
    • Ubbels, Barry
    • Verhoef, Erik T
  • Publication Date: 2007

Language

  • English

Media Info

  • Media Type: Print
  • Edition: First
  • Features: Figures; Tables;
  • Pagination: pp 325-345
  • Monograph Title: Threats from Car Traffic to the Quality of Urban Life: Problems, Causes, and Solutions

Subject/Index Terms

Filing Info

  • Accession Number: 01076749
  • Record Type: Publication
  • ISBN: 9780080448534
  • Files: TRIS
  • Created Date: Sep 4 2007 11:46AM