Summary Transport Economics
Summary Transport Economics
Inhoud
Inhoud 1
Chapter 3 3
3.1 definitions 3
3.2 determinants of demand 3
3.3 Peak problem in road transport 4
3.4 elasticity of demand 5
3.5 Market price 6
3.6 market welfare 6
3.7 9/11 and the effects on the market 7
3.8 The problem of rural demand 7
Chapter 4 7
4.1 Definitions 7
4.2 Classification of costs according to their nature 7
4.3 Classification of costs according to their scale 8
4.4 Other types of cost important in TEM 9
4.5 Classification of revenue 9
4.6 Profit maximization and alternative objectives 10
5 Competition and Contestability 10
5.1 introduction 10 5.3 The adjustment mechanism 12
5.7 Contestable markets 12
6 Monopoly 13
6.1 introduction 13
6.2 Modeling the monopoly 13
6.3 price discrimination 14
6.4 Yield management 16
6.7 natural monopolies 16
8 Oligopoly 16
8.2 location decisions 17
8.3 the European air industry 17
9 Externalities 18
9.2 missing markets 18
9.3 Lack of ownership 19
9.5 congestion as an externality 20
12 privatization and deregulation 20
12.2 arguments in favor of nationalization and against deregulation 21
13 Cost benefit analysis 21
13.1 The need for, and types of cost benefit analysis 21
13.2 the steps of a cost benefit analysis 22
13.5 the limitations of cost benefit analysis 23
16 Traffic congestion 24
16.2 The principals behind charging people for road usage 24
16.3 Experiences and types of road user charging 24
16.5 how widely should charging be implemented 25
16.6 The case for building more road capacity 25
16.7 Issues to be resolved to make road pricing a practical policy 25
Santo’s article 26 10 public goods 27
College: Transport economics inland shipping 27
Conclusion 29
College: Maritime economics 31
Chapter 3
3.1 definitions
The term “demand” refers to the amount the consumers are willing and able to pay for a certain product,
In transport there is also another form of demand namely “Derived demand” this is
Inhoud
Inhoud 1
Chapter 3 3
3.1 definitions 3
3.2 determinants of demand 3
3.3 Peak problem in road transport 4
3.4 elasticity of demand 5
3.5 Market price 6
3.6 market welfare 6
3.7 9/11 and the effects on the market 7
3.8 The problem of rural demand 7
Chapter 4 7
4.1 Definitions 7
4.2 Classification of costs according to their nature 7
4.3 Classification of costs according to their scale 8
4.4 Other types of cost important in TEM 9
4.5 Classification of revenue 9
4.6 Profit maximization and alternative objectives 10
5 Competition and Contestability 10
5.1 introduction 10 5.3 The adjustment mechanism 12
5.7 Contestable markets 12
6 Monopoly 13
6.1 introduction 13
6.2 Modeling the monopoly 13
6.3 price discrimination 14
6.4 Yield management 16
6.7 natural monopolies 16
8 Oligopoly 16
8.2 location decisions 17
8.3 the European air industry 17
9 Externalities 18
9.2 missing markets 18
9.3 Lack of ownership 19
9.5 congestion as an externality 20
12 privatization and deregulation 20
12.2 arguments in favor of nationalization and against deregulation 21
13 Cost benefit analysis 21
13.1 The need for, and types of cost benefit analysis 21
13.2 the steps of a cost benefit analysis 22
13.5 the limitations of cost benefit analysis 23
16 Traffic congestion 24
16.2 The principals behind charging people for road usage 24
16.3 Experiences and types of road user charging 24
16.5 how widely should charging be implemented 25
16.6 The case for building more road capacity 25
16.7 Issues to be resolved to make road pricing a practical policy 25
Santo’s article 26 10 public goods 27
College: Transport economics inland shipping 27
Conclusion 29
College: Maritime economics 31
Chapter 3
3.1 definitions
The term “demand” refers to the amount the consumers are willing and able to pay for a certain product,
In transport there is also another form of demand namely “Derived demand” this is