Overview

The regulation of road transport externalities - environmental pollution, noise annoyance, accidents and congestion - is one of the most important issues in contemporary transport policies.The Economics of Regulating Road Transport explores welfare economic evaluations - in terms of efficiency as well as equity and social feasibility - of regulatory policies and policy mixes directly aimed at, or indirectly connected to the containment of market failures in road transport. The discussion ranges from static analyses at the level of individual actors and firms to the dynamic behaviour of large spatio-economic systems. Part one explores the economic rationale behind regulating road transport, part two investigates issues of efficiency in the regulation of road transport and part three discusses the issue of equity and social feasibility versus efficiency. This book will be of interest to students of environmental economics and transport economics and to transport and environmental policymakers at the local, regional, national and international level.

Full Product Details

Author:   Erik Verhoef
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Weight:   0.405kg
ISBN:  

9781858983646

ISBN 10:   1858983649
Pages:   288
Publication Date:   05 December 1996
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Part I Introductory chapters: external effects and social costs of road transport - conceptual issues and recent empirical results for the Netherlands. Part II Efficiency of regulation: second-best regulation of road transport externalities; second-best congestion pricing with an untolled alternative; information provision, flat and fine congestion pricing in regulating stochastic congestion; the economics of regulatory parking policies; transport, spatial economy and the global environment. Part III Equity aspects and social feasibility of regulation: efficiency and equity in externalities; the trade-off between efficiency, effectiveness and social feasibility of regulating road transport externalities; the social feasibility of road pricing - a case study for the Randstad area; the social feasibility and effectiveness of regulatory parking policies - a case study at the firm level. Part IV Conclusion: towards an efficient and socially feasible regulation of road transport externalities.

Reviews

'In sum, this book with its focus on individual behaviour and demand for travel is a refreshing change from supply augmenting policies and technical fixes that are routinely advocated in this field (but which do not work in the long run). It is not often that one comes across research which is theoretically and empirically sound and at the same time has immediate policy relevance. Economists interested in transport issues in third world cities may do worse than mull over Verhoef's findings and conclusions as they wait in traffic jams.'

'In sum, this book with its focus on individual behaviour and demand for travel is a refreshing change from supply augmenting policies and technical fixes that are routinely advocated in this field (but which do not work in the long run). It is not often that one comes across research which is theoretically and empirically sound and at the same time has immediate policy relevance. Economists interested in transport issues in third world cities may do worse than mull over Verhoef's findings and conclusions as they wait in traffic jams.' -- Shreekant Gupta, Indian Economic Review 'This book covers many important issues of road transport policy . . . I find this book very interesting and useful. It lays out an impressive amount of recent work, undertaken by various authors in different research projects . . . The contribution of the book is to bring all this work together, to link it to other research, and to present a coherent and personal view of the whole range of issues related to road transport policy. As such the book makes useful reading not only to transport economists, but to all researches in urban economics, regional economics, or any other field with interest in these issues . . . In my view, libraries at universities and research institutions, as well as at public agencies, should buy this book.' -- Esko Niskanen, Regional Science and Urban Economics 'This book, through economic analysis, addresses the regulation of road transport externalities and issues of policy implementation. It also provides interesting insights into the operation of transport regulations and their economic impact. Much has been written about the externalities associated with transport systems; this book represents an attempt to tackle these questions using economic theory. . . For non-economists with an interest in transport, this book should be recommended for the library.' -- Julian Hine, Local Environment '. . . we have a very important contribution to the microeconomic literature that should be useful to anyone who has a genuine interest in understanding in improving the way transport is used in society.' -- Kenneth Button, Urban Studies

'In sum, this book with its focus on individual behaviour and demand for travel is a refreshing change from supply augmenting policies and technical fixes that are routinely advocated in this field (but which do not work in the long run). It is not often that one comes across research which is theoretically and empirically sound and at the same time has immediate policy relevance. Economists interested in transport issues in third world cities may do worse than mull over Verhoef's findings and conclusions as they wait in traffic jams.' -- Shreekant Gupta, Indian Economic Review 'This book covers many important issues of road transport policy ... I find this book very interesting and useful. It lays out an impressive amount of recent work, undertaken by various authors in different research projects ... The contribution of the book is to bring all this work together, to link it to other research, and to present a coherent and personal view of the whole range of issues related to road transport policy. As such the book makes useful reading not only to transport economists, but to all researches in urban economics, regional economics, or any other field with interest in these issues ... In my view, libraries at universities and research institutions, as well as at public agencies, should buy this book.' -- Esko Niskanen, Regional Science and Urban Economics 'This book, through economic analysis, addresses the regulation of road transport externalities and issues of policy implementation. It also provides interesting insights into the operation of transport regulations and their economic impact. Much has been written about the externalities associated with transport systems; this book represents an attempt to tackle these questions using economic theory... For non-economists with an interest in transport, this book should be recommended for the library.' -- Julian Hine, Local Environment '... we have a very important contribution to the microeconomic literature that should be useful to anyone who has a genuine interest in understanding in improving the way transport is used in society.' -- Kenneth Button, Urban Studies

Author Information

Erik Verhoef, Professor of Spatial Economics, Department of Spatial Economics, Vrije Universiteit Amsterdam, the Netherlands

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