Handbook on Transport Pricing and Financing

The advent of electric vehicles, which wont pay fuel taxes, and autonomous vehicles, which may not even have passengers, puts front-and-center the need to revisit how road transport is funded. This Handbook provides a comprehensive overview of transport funding around the world, and serves as a necessary foundation for the emerging new mobility. -- David Levinson, University of Sydney, Australia This new Handbook is a timely and impressive set of surveys of what theory and practice across continents can teach us about transport pricing and financing. Its systematic coverage of the concepts and tools used in transport policy as well as their relevance in the context of specific modes should help anyone working on the many challenges the sector is likely to face in the foreseeable future in a tense environmental, political and social context. -- Antonio Estache, Universit Libre de Bruxelles, Belgium Huge amounts of money are spent on transport infrastructure, while the transport sector generates large volumes of greenhouse gas emissions. Meanwhile, the efficiency of transportation means is critical for both the global and the local economy. This Handbook is a welcome contribution that will shed light on important and heated debates about transport pricing and financing. -- Jacques-Franois Thisse, Universit Catholique de Louvain, Belgium

Edited by Alejandro Tirachini, Associate Professor, Civil Engineering Department, Universidad de Chile, and Instituto Sistemas Complejos de Ingeniera, Chile, Daniel Hrcher, Research Associate, Department of Civil and Environmental Engineering, Imperial College London, UK and Research Associate, Department of Transport Technology and Economics, Budapest University of Technology and Economics, Hungary and Erik T. Verhoef, Professor of Spatial Economics, Department of Spatial Economics, Vrije Universiteit Amsterdam, the Netherlands

Contents: Introduction to the Handbook on Transport Pricing and Financing 1 Daniel Hrcher, Alejandro Tirachini and Erik T. Verhoef PART I THEORETICAL FOUNDATIONS 1. History of transport pricing Roger Vickerman 9 2. Transport pricing: theory and methodologies Achim I. Czerny and Stefanie Peer 24 3. Transport pricing beyond the social optimum Erik T. Verhoef 39 4. Pricing and other instruments for climate change mitigation in private transport Henrik Andersson, Davide Cerruti and Cristian Huse 59 5. Urban form and the pricing of transport and parking Sofia F. Franco 73 6. Equity and distributional issues in transport pricing Christophe Heyndrickx and Inge Mayeres 107 7. The political economy of transport pricing and investment Bruno De Borger and Antonio Russo124 PART II TRANSPORT MODES 8. Road pricing and provision of capacity Se-il Mun and Daisuke Fukuda 146 9. Public transport: design, scale, and pricing Sergio Jara-Daz, Antonio Gschwender and Daniel Hrcher 171 10. From taxis to ride-hailing: market equilibrium analysis and implications for regulations Xiaolei Wang and Fangfang Yuan 190 11. The economics of airports pricing Tiziana DAlfonso, Martina Gregori, Hugo E. Silva and Leonardo J. Basso 207 12. Pricing in freight transport 229 Edoardo Marcucci, Valerio Gatta, Michele Simoni and Ila Maltese 13. Connected and automated vehicles: effects on pricing 252 Csar Nez and Alejandro Tirachini PART III TRANSPORT FUNDING AND FINANCING 14. Transport funding and financing: a conceptual overview of theory and practice 273 Jos Manuel Vassallo and Laura Garrido 15. Investment appraisal: links between finance and economics 295 Georgina Santos, Iven Stead and Tom Worsley 16. The regulation of publicprivate partnerships 311 Eduardo Engel, Ronald Fischer and Alexander Galetovic 17. Financing sustainable transport infrastructure in emerging markets and developing economies 330 Jos C. Carbajo 18. Transport financing and regional development 348 Javier Asensio and Anna Matas PART IV REGIONAL PERSPECTIVES 19. Road transport pricing and financing in Africa 364 Leonard Mwesigwa, Moez Kilani and Matti Siemiatycki 20. A review of selected transport pricing, funding and financing issues in Asia 380 Wei Liu, Fangni Zhang, Xiaolei Wang and Yili Tang 21. Transport pricing in Europe 394 Chris Nash and Heike Link 22. Pricing urban transport in Latin America 417 Andrs Gmez-Lobo and Toms Serebrisky 23. Road pricing applications in North America 436 Mark Burris, John Brady and Sruthi Ashraf 24. Transport pricing and financing in Oceania 452 John Stanley and David A. Hensher Index 472