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:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780080448534
• 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

• TRT Terms: Cost of service pricing; Economic factors; Economics; Market structure; Policy making; Pricing; Public transit; Transit operating agencies; Value of service pricing
• Subject Areas: Economics; Finance; Highways; Policy; Public Transportation; I10: Economics and Administration;

Filing Info

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