Edited by Chris Nash, Research Professor, Institute for Transport Studies, University of Leeds, UK and Visiting Professor, Masaryk University, Czech Republic, Mark Wardman, Reader in Transport Economics, Institute for Transport Studies, University of Leeds, UK, Kenneth Button, University Professor, Schar School of Policy and Government, George Mason University, US and Peter Nijkamp, Professor Emeritus, Vrije Universiteit Amsterdam, the Netherlands, the Centre for European Studies, Universitatea Alexandru Ioan Cuza din Iasi, Romania and the School of Public Policy and Management, Tsinghua University, China

'From Harold Hotelling to the present day, this volume gathers together some of the most important contributions by transport economists to advancing our understanding of how the railway industry works.'

• Contents:AcknowledgementsIntroduction Chris Nash, Mark Wardman, Kenneth Button and Peter NijkampPART ICOSTS AND PRODUCTIVITY 1. Zvi Griliches (1972), ‘Cost Allocation in Railroad Regulation’2. Theodore E. Keeler (1974), ‘Railroad Costs, Returns to Scale, and Excess Capacity’3. Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson (1980), ‘Productivity in U.S. Railroads, 1951–1974’4. Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway and Robert J. Windle (1985), ‘Network Effects and the Measurement of Returns to Scale and Density for U.S. Railroads’5. Tae Hoon Oum and Chunyan Yu (1994), ‘Economic Efficiency of Railways and Implications for Public Policy: A Comparative Study of the OECD Countries’ Railways’PART IIPRICING 6. Harold Hotelling (1938), ‘The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates’7. William J. Baumol, James C. Bonbright, Yale Brozen, Joel Dean, Ford K. Edwards, Calvin B. Hoover, Dudley F. Pegrum, Merrill J. Roberts and Ernst W. Williams, Jr. (1962), ‘The Role of Cost in the Minimum Pricing of Railroad Services’8. Jan Owen Jansson (1998), ‘An Analysis of the Rail Transport System’PART IIIREGULATION AND PRIVATISATION 9. William J. Baumol (1983), ‘Some Subtle Pricing Issues in Railroad Regulation’10. Louis Thompson (1993), ‘The Evolution of Railroad Regulation in the United States’11. F. Mizutani and K. Nakamura (1997), ‘Privatization of the Japan National Railway: Overview of Performance Changes’12. C.A. Nash and J. Preston (1993), ‘The Policy Debate in Great Britain’PART IVECONOMETRIC RAIL DEMAND MODELS 13. Lester B. Lave (1972), ‘The Demand for Intercity Passenger Transportation’14. Jonathan Tyler and Richard Hassard (1973), ‘Gravity/Elasticity Models for the Planning of the Inter-urban Rail Passenger Business’15. A.D. Owen and G.D.A. Phillips (1987), ‘The Characteristics of Railway Passenger Demand’16. Mark Wardman (1997), ‘Inter-urban Rail Demand, Elasticities and Competition in Great Britain: Evidence from Direct Demand Models’17. Jonathan Preston (1991), ‘Demand Forecasting for New Local Rail Stations and Services’18. P. Someshwar Rao (1978), ‘Forecasting the Demand for Railway Freight Services’PART VDISAGGREGATE CHOICE MODELLING 19. Benedikt Mandel, Marc Gaudry and Werner Rothengatter (1994), ‘Linear or Nonlinear Utility Functions in Logit Models? The Impact on German High-Speed Rail Demand Forecasts’20. David A. Hensher (1998), ‘Establishing a Fare Elasticity Regime for Urban Passenger Transport’21. E.P. Kroes and R.J. Sheldon (1985), ‘Stated Preference Techniques in Measuring Travel Elasticities’22. Phillipa Marks and Mark Wardman (1991), ‘Leisure Travel’23. Tony Fowkes and Geoff Tweddle (1997), ‘Validation of Stated Preference Forecasting: A Case Study Involving Anglo-Continental Freight’PART VIINVESTMENT 24. C.D. Foster and M.E. Beesley (1965), ‘Estimating the Social Benefit of Constructing an Underground Railway in London’25. Stewart Joy (1971), excerpt from ‘Pricing and Investment in Railway Freight Services’26. A. Bonnafous (1987), ‘The Regional Impact of the TGV’27. David Damm, Steven R. Lerman, Eva Lerner-Lam and Jeffrey Young (1980), ‘Response of Urban Real Estate Values in Anticipation of the Washington Metro’28. Christopher Nash (1992), ‘Appraisal of Rail Projects’Name Index