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The Economics of Transport: A Theoretical and Applied Perspective explains essential economic principles that underpin the structure and conduct of transport markets. By exploring the interplay between individual users, service providers, and the actions of transport authorities through policy implementation, the book illuminates how these dynamics influence transport systems. It discusses ongoing reforms that transition transport provision from heavy state intervention towards market-driven models, thereby shifting greater responsibility onto individual choices. Covering topics such as the demand and supply of transport services, market structures, environmental impacts, subsidies and regulation, as well as forecasting and appraisal, this book offers a comprehensive exploration of transport economics. Enhanced with a range of case studies and exercises, it serves as a valuable resource for higher-level students while also appealing to professionals in transport planning, modelling, and economic policy.
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