Practically everybody in the community uses the transport system, and an eighth of personal consumption expenditure in Britain is spent on transport. This book, first published in 1980 and revised in 1984, presents a synthesis of theoretical and empirical material to explain the elements of transport economics. These include demand, supply, pricing and investment, and the importance of institutional arrangements is emphasised in chapters on transport planning, and on international transport, in which shipping and airline economics are analysed.
