Essays on transport economics / Pablo Coto-Millán, Inglada Vicente (editors).

Format:

Book

Contributor:

Coto-Millán, Pablo, 1957-

Vicente, Inglada.

Series:

Contributions to economics ; 1431-1933.

Contributions to economics ; 1431-1933

Language:

English

Subjects (All):

Transportation.

Economics.

Physical Description:

xi, 381 pages : illustrations ; 24 cm.

Place of Publication:

New York : Physica-Verlag, [2007]

Summary:

This book covers the basic analytical methods used in transportation economics and policy analysis. Encompassing fields of economics such as Industrial Organisation, Welfare Economics, General Equilibrium Theory and Input-Output-Analysis, the study of transport from an economic point of view serves as a test bench for applying the methodological developments of economic science to the real world. Each chapter begins with a brief theoretical introduction before evaluating case studies, using the most up-to-date statistical and econometric techniques.

Discussed topics include technical and allocative efficiency and productivity related to transportation economics, the impact of information and communication technologies on transportation networks, competition and the effects of deregulation, uses of time and the effects of public investment on the economy and social welfare. The book is addressed to scientists and post-graduate students, but will also be of interest to professionals in civil and transport engineering.

Contents:

Part I Demand 5

1 A Reassessment of the Characterisation of Congestion on an Urban Road Network - Some Theoretical Suggestions and Illustrative Experiments / T.P. Truong, D.A. Hensher 7

1.2 Defining 'Capacity' and 'Congestion' 8

1.3 Linking 'Capacity' and 'Congestion' Concepts to the Basic Individual Travel Activity across a Transport Link 11

1.4 Equilibrium Condition for a Heterogenous Population of Travellers 17

1.5 Application 19

1.5.1 Application to a Hypothetical Network of Two Parallel Links 21

1.5.2 An Illustrative Experiment Using Empirical Data from Some Sydney Road Links 23

2 Estimation of the Economic Value of Student Urban Travel Time / P. Coto-Millan, V. Inglada, M.A. Pesquera, R. Sainz, N. Sanchez 33

2.2 Overview of Time Value Theories 34

2.2.1 Train-McFadden's Synthesis Model (Compromise Model between Goods and Leisure Activities) 39

2.2.2 Jara-Diaz and Farah Model (1987) 41

2.3 Time Value in Journeys to Study Locations in Santander 42

2.3.1 The Data 43

2.3.2 Empirical Specifications 44

2.3.3 Empirical Results 45

3 Price and Income Elasticities for Intercity Public Transport in Spain / P. Coto-Millan, J. Banos-Pino, G. Carrera-Gomez, J. Castanedo-Galan, M. A. Pesquera, V. Inglada, R. Sainz 51

3.2 Theoretical Model 53

3.3 Empirical Evidence 56

3.4 Fitted Time Series Models 59

Part II Supply and Efficiency 63

4 Classifying Urban Passenger Transportation Services / W. K. Talley 65

4.2 Service Structure and Type 66

4.3 Transit Services 67

4.4 Private Services 69

4.5 Paratransit Services 70

4.6 U. S. Street Railway and Motorbus Transit Services: A Historical Perspective 71

4.6.1 Street Railways 71

4.6.2 Street Railways and Motorbus Operators 73

4.6.3 Transit Decline: Post World War II 74

5 Analysis of the Allocative Efficiency in Public Firms: the Case of Railway / P. Coto-Millan, J. Banos-Pino, A. Rodriguez-Alvarez 79

5.2 Formalization of the Theoretical Model 80

5.3 Conclusions to the Theoretical Model 82

5.4 The Distance Function 82

5.5 Properties of the Distance Function 84

5.6 The Shadow Price Estimation through the Use of a Shephard Distance Function 85

5.7 The Functional Form 88

5.8 The Econometric Estimation 88

5.9 Data 89

5.10 Empirical Results 90

6 The Effect of Using Aggregated Output in the Economic Analysis of Cargo Handling Operations / S. R. Jara-Diaz, B. Tovar de la Fe, L. Trujillo 97

6.1 Introduction: Cargo Handling in Multipurpose Port Terminals 97

6.2 Data and Aggregate Model Formulation 98

6.3 A Cost Function with Distinct Outputs 102

6.4 Comparisons and Discussion 105

7 Scale Economies, Elasticities of Substitution and Behaviour of the Railway Transport Costs in Spain / P. Coto-Millan, G. Carrera-Gomez, V. Inglada, R. Nunez-Sanchez, J. Castanedo, M. A. Pesquera, R. Sainz 111

7.2 The Model 112

7.3 The Data 115

7.4 Empirical Results 115

8 Efficiency Stochastic Frontiers: a Panel Data Analysis for Spanish Airports (1992-1994) / P. Coto-Millan, G. Carrera-Gomez, J. Castanedo-Galan, M. A. Pesquera, V. Inglada, R. Sainz, R. Nunez-Sanchez 121

8.2 The Model 122

8.3 The Data 124

8.4 Econometric Results 125

9 Multi-Output Analysis of the Costs and Productivity of Cargo Handling in Spanish Ports / E. Martinez-Budria, J. J. Diaz-Hernandez 127

9.2 Cargo Handling Operations in Spain 128

9.3 The Theoretical Framework 131

9.3.1 Multi-Output Theory 131

9.3.2 Measurement and Decomposition of Productivity 132

9.4 The Model 134

9.4.1 The Normalized Quadratic Specification of Multi-Output Cost Function 134

9.4.2 The Data 135

9.4.3 Estimated Cost Function 136

9.5 Analysis of Results 136

9.5.1 Cost Structure 136

9.5.2 Analysis of Productivity and Technical Change 138

Estimated Coefficients 142

Part III Market and Economic Impact Studies 145

10 Economic Impact Study: Application to Ports / B. Francou, G. Carrera-Gomez, P. Coto-Millan, J. Castanedo-Galan, M. A. Pesquera 147

10.2 Aims and Utility 148

10.3 Analysis of Different Methodologies 148

10.3.1 Methodology I 148

10.3.2 Methodology II 149

10.3.3 Methodology III 151

10.4 A Dynamic View of Port Impact Studies 152

10.5 Criticisms and Defences of Port Impact Studies 152

10.6 New Openings 155

11 Airport Management and Airline Competition in OECD Markets / G. Bel, X. Fageda 159

11.2 Airport Management Practices in OECD Countries 160

11.2.1 European Union 160

11.2.2 United States 166

11.2.3 Other Countries 172

11.3 Competition in the Air Transport Industry: the Interaction between Airports and Airlines 173

11.3.1 Airline Competition 173

11.3.2 Airport Competition 175

12 Dynamising Economic Impact Studies: the Case of the Port of Seville / J. I. Castillo, L. Lopez-Valpuesta, M. J. Aracil 183

12.2 System Dynamics Model of the Port of Seville 185

12.3 Economic Impact of the Port of Seville on the Province of Seville 197

12.4 Dynamising Employment through the Simulation Model 198

12.5 Sensitivity Analysis 200

12.6 Main Results and Conclusions 203

Part IV Valuation of Benefits and Costs 217

13 Estimating the Economic Benefits of Bicycling and Bicycle Facilities: an Interpretive Review and Proposed Methods / K. J. Krizec 219

13.2 Overview of Issues Central to Estimating Bicycle Benefits 220

13.3 Review of Previous Research 225

13.4 Proposed Benefits and Methods 231

14 Valuation of Transport Externalities by Stated Choice Methods / J. De Dios Ortuzar, L. I. Rizzi 249

14.2 Discrete Choice Models and Stated Choice Data 250

14.3 First Case Study: Urban Road Accidents 253

14.4 Second Case Study: Valuation of Local Air Pollution 260

14.5 Third Case Study: Valuation of Quietness 264

15 Externalities Analysis of Investments in Infrastructure: a Practical Approach / P. Coto-Millan, V. Inglada, J. Castanedo-Galan, M. A. Pesquera, R. Nunez-Sanchez 273

15.2 Evolution of Transport Demand 274

15.3 Transport Externalities 276

15.3.2 Internalization 276

15.3.3 Theoretical Framework 276

15.3.4 Valuation 277

15.4 Policy of Prices: the Case of Madrid-Seville 282

15.4.1 Elasticities 282

15.4.2 Results 283

15.5 Investment Policy: the Case of the Madrid-Seville AVE 284

15.5.1 Impact on Modal Distribution 284

15.5.2 Cost-Benefit Analysis 285

15.5.3 Results 286

Part V Transportation Network and Information and Communications Technology 291

16 ITS-Based Transport Concepts and Location Preference: Will ITS Change 'Business as Usual'? / R. Argiolu, R. van der Heijden, V. Marchau 293

16.2 Theorizing Preferences Regarding Business Locations 295

16.2.1 Location Development, Matching Supply and Demand 299

16.3 Unfolding 'Attractiveness' of ITS 300

16.4 Location Development, the Link with ITS 303

16.5 Methodological Framework 309

17 The Economics of Transportation Network Growth / L. Zhang, D. Levinson 317

17.2 Literature Review 318

17.3 An Analytical Model of Pricing, Capacity Choice and Ownership Structure 320

17.3.1 Demand Side: Models of Road Users 320

17.3.2 Supply Side: Road Provision Cost 323

17.3.3 Ownership and Policies: Models of Road Providers 324

17.3.4 A Numerical Example 325

17.4 Equilibrium Toll and Capacity under Various Ownership Regimes 327

17.4.1 Parallel Network 327

17.4.2 Serial Network 328

17.4.3 Returns to Scale 332

17.4.4 Parallel-Serial Network 333

18 Transport Network Development and the Location of Economic Activity / A. Holl 341

18.2 Literature Review: Transport Infrastructure Investment and the Location of Economic Activity 342

18.2.1 Empirical Evidence 343

18.3 Dynamic Effects - the Spanish Motorway Building Programme 350

18.3.1 Data and Variables 351

18.3.2 Estimation and Empirical Results 354

19 Mapping the Terrain of Information and Communications Technology (ICT) and Household Travel / K. J. Krizec, A.

Johnson 363

19.2 Part I) Previous Research 365

19.3 Part 2) Trends and Issues for Further Research 371.

Notes:

Includes bibliographical references.

ISBN:

9783790817645

3790817643

OCLC:

83607779