Urban Transportation Economics

KENNETH A. SMALL

University of California, Irvine

1. INTRODUCTION

The study of transportation involves researchers trained in many disciplines, including engineering, economics, geography, planning, business, and regional science. Transportation research has become increasingly sophisticated in its use of economics. This trend has brought a more solid practical footing to policy analysis, by showing how the ideas and goals generated within various analytical frameworks can be reconciled with the actual behavior of users and with the resource constraints of a real economy.

This chapter reviews the contributions that economics can make to the analysis of urban transportation. It concentrates mainly on industrialized ...

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