Applied Transport Economics: Policy, Management & Decision Making

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Applied Transport Economics introduces the reader to the theory of transport economics through a range of practical examples. Professor Stuart Cole investigates the application of economic theory to commercial transport operations, public policy issues and the role of transport in its wider economic context, making this book essential reading for managers, policy makers and all economists with an interest in the practical application of theoretical models. The book is also designed to suit the needs of students of transport, economics, business, management, public policy and business strategy. Now in its third edition, it has been extensively revised to take account of the many recent changes that have taken place within the transport sector. As well as covering all aspects of transport economics, including pricing policies, cost structures and public policy economic appraisal techniques, the author provides a clear analysis of changes to transport provision in , and the case studies included throughout have been fully updated. Each chapter also contains a new bibliography and an extended further reading section. About The Author Professor Stuart Cole has been Professor of Transport and Director of the WalesTransport Research Centre at the since March 2001. He has been the Specialist Adviser on Transport to the House of Commons Select Committee on Welsh Affairs since 1984. Professor Cole is also Chairman of the Chartered Institute of Logistics and Transport Cymru/Wales (2003-2005), a past Chairman of the and Transportation South Wales Branch, Chairman of the Wales Transport Strategy Group and a member of the Wales Transport Forum. He is a member of the First Great Western Stakeholders Advisory Group representing travellers, business and academia. Professor Cole is a regular broadcaster on BBC radio and television and on S4C in both Welsh and English. Table of Contents Market demand Elasticity of demand The supply of transport Pricing policy Cost levels and structure - Road transport Cost levels and structure - railways Cost levels and structure- airlines Forecasting transport demand, revenue and expenditure Public policy Economic appraisal - Techniques Economic appraisal - valuation of elements Public private partnership (PPP) investment Funding an integrated transport policy Regulation or competition? Transport and development 19th century Transport and economic activity