A report by the Transport Studies Unit, set up to monitor the effects of the 1985 Transport Act from a broad perspective and incorporating assessment of indirect and social impacts, as well as those in fares, service levels and efficiency.
Bus lines by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Author: Oakland Alexander Tabarrok Director of Research The Independent Institute
Publisher: Oxford University Press, USA
Category: Business & Economics
This intriguing collection is designed to show how economists can play a more active role in designing and directing the nation's social institutions. By taking the task of political economy seriously, the contributors (including some of today's most distinguished economists) reveal the power of economic thought to offer innovative solutions to some of the most difficult problems facing society today. By creating markets where none existed before, the authors propose efficient, reliable, and profitable improvements to current systems of health insurance, financial markets, human organ distribution, judicial practice, bankruptcy and securities regulation, patenting, and transportation. Written in the entrepreneurial spirit, these essays show economics to be an ambitious, dynamic, and far-from-dismal science.
Drawing on transit experience from various countries and markets, this book examines the economic environment of transit operations, the cost and production properties of transit service supply and the policies and prospects of transit regulatory reform. The principal objectives of the book are: first to conduct theoretical and empirical analyses of the major factors which jointly determine the economic structure and conditions of the transit sector; and second to explore and suggest policies which could resolve the sector's present crisis and make it economically viable. The first objective is explored in Part One where major structural demand factors and regulatory and subsidy conditions are identified and examined. Analytical and empirical measurement of technical production characteristics of transit services supply is carried out in Part Two. Part Three focuses on transit regulatory reform policy issues. The book is aimed primarily at an audience of transportation professionals, including economists and planners as well as public policy analysts. It requires, in general, a sound background in economics, mainly microeconomics. Thus graduate students in economics, geography, urban planning and public policy, and advanced undergraduates with good training in economics can best benefit from this book.
"In this well-written book, Dempsey takes the somewhat unpopular view that the deregulation of America's transportation industries has serious problems and is in need of careful reconsideration. The authoritative author makes an excellent case." Choice