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This picture illustrates a variety of transportation systems: public transportation; private vehicle road use; and rail. Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. [1]
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In transport economics, the generalised cost is the sum of the monetary and non-monetary costs of a journey. [1] [2] It is sometimes used as a basis for judgements of transit accessibility and equitable distribution of public transit resources. [3]
Download as PDF; Printable version; In other projects Wikimedia Commons; ... Economics of transport and utility industries (2 C, 8 P) Transport economists (13 P) U.
Download as PDF; Printable version; ... Transport economics (18 C, 61 P) I. Transport industry (7 C, 1 P) Transport infrastructure (27 C, 21 P) O. Transport ...
The iceberg transport cost model is a commonly used, simple economic model of transportation costs. It relates transport costs linearly with distance, and pays these costs by extracting from the arriving volume. The model is attributed to Paul Samuelson's 1954 article in Deardorffs' Glossary of International Economics. [1]
The Downs–Thomson paradox (named after Anthony Downs and John Michael Thomson), also known as the Pigou–Knight–Downs paradox (after Arthur Cecil Pigou and Frank Knight), states that the equilibrium speed of car traffic on a road network is determined by the average door-to-door speed of equivalent journeys taken by public transport or the next best alternative.
Public transport, by comparison, becomes increasingly uneconomic with lower population densities. Hence cars tend to dominate in rural and suburban environments with public economic gains. The automobile industry, mainly in the beginning of the 20th century when the high motorization rates were not an issue, had also an important public role ...