Edited by the late Herbert Mohring, formerly Professor of Economics, University of Minnesota, US

'The Economics of Transport is a collection of 41 of the most important papers in transportation economics, edited by one of the major writers of the era . . . A careful reading of these articles will provide readers of any background with a firm grasp both of the major issues and of the theoretical and empirical methods commonly used in the field . . . The book begins with an extremely well-written, 34-page introduction by Professor Mohring, which provides an excellent synopsis of the field, particularly with respect to the theoretical and urban issues . . . The book is comprehensive, covering all the primary areas of transportation economics, including demand, supply, and policy. In fact, the primary contribution of the book is that it provides a collection of major papers in the field along with an excellent overview of the field written by Professor Mohring . . . The two volumes in this collection do an excellent job of reviewing transport economic theory and its applications, particularly with respect to urban transportation.'

• CONTENTSVOLUME 1PART 1TWO SEMINAL CONTRIBUTIONS AND A RECENT SURVEY OF THE FIELD1. Martin Beckman, C. B. McGuire and Christopher B. Winsten (1956), ‘Equilibrium’2. A. A .Walters (1961), ‘The Theory and Measurement of Private and Social Cost of Highway Congestion’3. Clifford Winston (1985), ‘Conceptual Developments in the Economics of Transportation: An Interpretive Study’PART 2THE TRANSPORT DEMAND SCHEDULE AND WHAT LIES BEHIND IT4. Leon N. Moses and Harold F. Williamson, Jr. (1963), ‘Value of Time, Choice of Mode, and the Subsidy Issue in Urban Transportation’5. Richard E.Quandt and William J. Baumol (1966), ‘The Demand for Abstract Transport Modes: Theory and Measurement’6. Daniel McFadden (1974), ‘The Measurement of Urban Travel Demand’7. Takeshi Amemiya (1981), ‘Qualitative Response Models: A Survey’PART 3BEHIND THE TRANSPORT SUPPLY SCHEDULE: THE VALUE OF USER-SUPPLIED INPUTS8. M.E. Beesley (1965), ‘The Value of Time Spent in Travelling: Some New Evidence’9. Charles A .Lave (1969), ‘A Behavioral Approach to Modal Split Forecasting’PART 4BEHIND THE TRANSPORT SUPPLY SCHEDULE: PRODUCTION AND COST FUNCTION MODELS10. Marvin Kraus (1981), ‘Scale Economies Analysis for Urban Highway Networks’11. David M. Newbery (1989), ‘Cost Recovery from Optimally Designed Roads’12. Douglas W. Caves, Laurits R.Christensen and Michael W. Tretheway (1984), ‘Economies of Density Versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ’PART 5BEHIND THE TRANSPORT SUPPLY SCHEDULES: THE TECHNOLOGY OF CONGESTION13. John Glen Wardrop (1952), ‘Some Theoretical Aspects of Road Traffic Research’14. William S .Vickery (1969), ‘Congestion Theory and Transport Investment’15. Kenneth A. Small (1982), ‘The Scheduling of Consumer Activities: Work Trips’PART 6FIRST - AND SECOND-BEST PRICING AND INVESTMENT POLICIES16. Robert H. Strotz (1965), ‘Urban Transportation Parables’17. A. A. Walters (1960), ‘ The Allocation of Joint Costs with Demands as Probability Distributions’18. A. S. De Vany and T. R .Saving (1977), ‘Product Quality, Uncertainty and Regulation: The Trucking Industry’19. William S .Vickrey (1955), ‘A Proposal for Revising New York’s Subway Fare Structure’20. William Vickrey (1968), ‘Automobile Accidents, Tort Law, Externalities and Insurance: An Economist’s Critique’21. Theodore E. Keeler and Kenneth A. Small (1977), ‘Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways’22. William S.Vickrey (1963), ‘Pricing and Resource Allocation in Transportation and Public Utilities: Pricing in Urban and Suburban Transport’VOLUME 2PART 1TAXIS AND BUSES1. Ralph Turvey and Herbert Mohring (1975), ‘Optimal Bus Fares’2. S. Glaister and J. J. Collings (1978), ‘Maximisation of Passenger Miles in Theory and Practice’3. John R. Schroeter (1983), ‘A Model of Taxi Service Under Fare Structure and Fleet Size Regulation’4. Arthur S. De Vany (1975), ‘Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets’5. M. E. Beesley and S. Glaister (1983), ‘Information for Regulating: The Case of Taxis’PART 2TRANSPORT AND URBAN STRUCTURE6. Richard J. Arnott and Joseph E. Stiglitz (1981), ‘Aggregate Land Rents and Aggregate Transport Costs’7. Robert M .Solow and William S .Vickery (1971), ‘Land Use in a Long Narrow City’8. Robert M. Solow (1973), ‘Congestion Cost and the Use of Land for Street’PART 3REGULATION AND DEREGULATIONA: PRE-DEREGULATION EVALUATIONS OF ITS COSTS9. Theodore E. Keeler (1972), ‘Airline Regulation and Market Performance’10. Arthur S. De Vany (1975), ‘The Effect of Price and Entry Regulation on Airline Output, Capacity and Efficiency’B: DEREGULATION, SAFETY AND THE VALUE OF THE FIRM11. Andrew Chalk (1986), ‘Market Forces and Aircraft Safety: The Case of the DC-10’12. Mark L. Mitchell T. Maloney (1989), ‘Crisis in the Cockpit? The Role of Market Forces in Promoting Air Travel Safety’13. Nancy L. Rose (1990), ‘Profitability and Product Quality: Economic Determinants of Airline Safety Performance’C THE CONSEQUENCES - EXPECTED AND UNEXPECTED - OF DEREGULATION14. Alfred E. Kahn (1990), ‘Deregulation: Looking Backward and Looking Forward’15. Michael E. Levine (1987), ‘Airline Competition in Deregulated Markets: Theory, Firm Strategy, and Public Policy’16. Elizabeth E. Bailey and Jeffrey R .Williams (1988), ‘Sources of Economic Rent in the Deregulated Airline Industry’17. Severin Borenstein (1989), ‘Hubs and High Fares: Dominance and Market Power in the U. S. Airline Industry’18. Kenneth D. Boyer (1987), ‘The Costs of Price Regulation: Lessons from Railroad Deregulation’19. Roger F. Teal and Mary Berglund (1987), ‘The Impacts of Taxicab Deregulation in the USA’

Edited by the late Herbert Mohring, formerly Professor of Economics, University of Minnesota, US

'The Economics of Transport is a collection of 41 of the most important papers in transportation economics, edited by one of the major writers of the era . . . A careful reading of these articles will provide readers of any background with a firm grasp both of the major issues and of the theoretical and empirical methods commonly used in the field . . . The book begins with an extremely well-written, 34-page introduction by Professor Mohring, which provides an excellent synopsis of the field, particularly with respect to the theoretical and urban issues . . . The book is comprehensive, covering all the primary areas of transportation economics, including demand, supply, and policy. In fact, the primary contribution of the book is that it provides a collection of major papers in the field along with an excellent overview of the field written by Professor Mohring . . . The two volumes in this collection do an excellent job of reviewing transport economic theory and its applications, particularly with respect to urban transportation.'

• CONTENTSVOLUME 1PART 1TWO SEMINAL CONTRIBUTIONS AND A RECENT SURVEY OF THE FIELD1. Martin Beckman, C. B. McGuire and Christopher B. Winsten (1956), ‘Equilibrium’2. A. A .Walters (1961), ‘The Theory and Measurement of Private and Social Cost of Highway Congestion’3. Clifford Winston (1985), ‘Conceptual Developments in the Economics of Transportation: An Interpretive Study’PART 2THE TRANSPORT DEMAND SCHEDULE AND WHAT LIES BEHIND IT4. Leon N. Moses and Harold F. Williamson, Jr. (1963), ‘Value of Time, Choice of Mode, and the Subsidy Issue in Urban Transportation’5. Richard E.Quandt and William J. Baumol (1966), ‘The Demand for Abstract Transport Modes: Theory and Measurement’6. Daniel McFadden (1974), ‘The Measurement of Urban Travel Demand’7. Takeshi Amemiya (1981), ‘Qualitative Response Models: A Survey’PART 3BEHIND THE TRANSPORT SUPPLY SCHEDULE: THE VALUE OF USER-SUPPLIED INPUTS8. M.E. Beesley (1965), ‘The Value of Time Spent in Travelling: Some New Evidence’9. Charles A .Lave (1969), ‘A Behavioral Approach to Modal Split Forecasting’PART 4BEHIND THE TRANSPORT SUPPLY SCHEDULE: PRODUCTION AND COST FUNCTION MODELS10. Marvin Kraus (1981), ‘Scale Economies Analysis for Urban Highway Networks’11. David M. Newbery (1989), ‘Cost Recovery from Optimally Designed Roads’12. Douglas W. Caves, Laurits R.Christensen and Michael W. Tretheway (1984), ‘Economies of Density Versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ’PART 5BEHIND THE TRANSPORT SUPPLY SCHEDULES: THE TECHNOLOGY OF CONGESTION13. John Glen Wardrop (1952), ‘Some Theoretical Aspects of Road Traffic Research’14. William S .Vickery (1969), ‘Congestion Theory and Transport Investment’15. Kenneth A. Small (1982), ‘The Scheduling of Consumer Activities: Work Trips’PART 6FIRST - AND SECOND-BEST PRICING AND INVESTMENT POLICIES16. Robert H. Strotz (1965), ‘Urban Transportation Parables’17. A. A. Walters (1960), ‘ The Allocation of Joint Costs with Demands as Probability Distributions’18. A. S. De Vany and T. R .Saving (1977), ‘Product Quality, Uncertainty and Regulation: The Trucking Industry’19. William S .Vickrey (1955), ‘A Proposal for Revising New York’s Subway Fare Structure’20. William Vickrey (1968), ‘Automobile Accidents, Tort Law, Externalities and Insurance: An Economist’s Critique’21. Theodore E. Keeler and Kenneth A. Small (1977), ‘Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways’22. William S.Vickrey (1963), ‘Pricing and Resource Allocation in Transportation and Public Utilities: Pricing in Urban and Suburban Transport’VOLUME 2PART 1TAXIS AND BUSES1. Ralph Turvey and Herbert Mohring (1975), ‘Optimal Bus Fares’2. S. Glaister and J. J. Collings (1978), ‘Maximisation of Passenger Miles in Theory and Practice’3. John R. Schroeter (1983), ‘A Model of Taxi Service Under Fare Structure and Fleet Size Regulation’4. Arthur S. De Vany (1975), ‘Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets’5. M. E. Beesley and S. Glaister (1983), ‘Information for Regulating: The Case of Taxis’PART 2TRANSPORT AND URBAN STRUCTURE6. Richard J. Arnott and Joseph E. Stiglitz (1981), ‘Aggregate Land Rents and Aggregate Transport Costs’7. Robert M .Solow and William S .Vickery (1971), ‘Land Use in a Long Narrow City’8. Robert M. Solow (1973), ‘Congestion Cost and the Use of Land for Street’PART 3REGULATION AND DEREGULATIONA: PRE-DEREGULATION EVALUATIONS OF ITS COSTS9. Theodore E. Keeler (1972), ‘Airline Regulation and Market Performance’10. Arthur S. De Vany (1975), ‘The Effect of Price and Entry Regulation on Airline Output, Capacity and Efficiency’B: DEREGULATION, SAFETY AND THE VALUE OF THE FIRM11. Andrew Chalk (1986), ‘Market Forces and Aircraft Safety: The Case of the DC-10’12. Mark L. Mitchell T. Maloney (1989), ‘Crisis in the Cockpit? The Role of Market Forces in Promoting Air Travel Safety’13. Nancy L. Rose (1990), ‘Profitability and Product Quality: Economic Determinants of Airline Safety Performance’C THE CONSEQUENCES - EXPECTED AND UNEXPECTED - OF DEREGULATION14. Alfred E. Kahn (1990), ‘Deregulation: Looking Backward and Looking Forward’15. Michael E. Levine (1987), ‘Airline Competition in Deregulated Markets: Theory, Firm Strategy, and Public Policy’16. Elizabeth E. Bailey and Jeffrey R .Williams (1988), ‘Sources of Economic Rent in the Deregulated Airline Industry’17. Severin Borenstein (1989), ‘Hubs and High Fares: Dominance and Market Power in the U. S. Airline Industry’18. Kenneth D. Boyer (1987), ‘The Costs of Price Regulation: Lessons from Railroad Deregulation’19. Roger F. Teal and Mary Berglund (1987), ‘The Impacts of Taxicab Deregulation in the USA’