Transportation Economics: Theory and Practice: A Case Study Approach


Transportation Economics explores the efficient use of society's scarce resources for the movement of people and goods. This book carefully examines transportation markets and standard economic tools, how these resources are used, and how the allocation of society resources affects transportation activities.

This textbook is unique in that it uses a detailed analysis of econometric results from current transportation literature to provide an integrated collection of theory and application. Its numerous case studies illustrate the economic principles, discuss testable hypotheses, analyze econometric results, and examine each study's implications for public policy. These features make this a well-developed introduction to the foundations of transportation economics.

Additional case studies on a spectrum of domestic and international transportation topics available at in order to keep students abreast of recent developments in the field and their implications for public policy.

The paperback edition of this book is not available from Blackwell in the US or Canda.

Patrick S. McCarthy is Professor and Chair in the School of Economics at Georgia Institute of Technology, and was formerly Professor of Economics in the Krannert Graduate School of Business at Purdue University. His current research interests focus upon transportation demand modeling, public transit costs, transportation safety, government regulation, and transportation infrastructure. He is widely published, and since 1993 he has contributed to the Journal of Transport Economics and Policy, the Journal of Infrastructure Systems, the Review of Economics and Statistics, Transport Policy, Economics Letters, and the Journal of Urban Economics.

1. An overview of Transportation Acitivites.

2. Statistical Analysis of Economic Relations.

3. Transportation Demand - Divisible Goods Case.

4. Transportation Demand - Discrete Good Case.

5. Firm Production and Cost in Transportation - The Long Run.

6. Firm Produciton and Cost in Transportation - The Short Run.

7. Competition, Concentration and Market Power in Transportation.

8. Regulation, Deregulation, and Efficiency in Transportation.

9. Transportation Investment.

10. Welfare Effects of Public Sector Pricing and Investment.

11. Congestion Pricing.

12. Transportation and Land Use in Urban Areas.

13. Transportation Safety.