This examination of transport economics brings alive economic theories for students, elucidating traditional concepts by applying them to a real world context. It examines the microeconomic concepts that underpin this sector and the implications for transport markets with real examples from across the EU.
Also available is a companion website with extra features to accompany the text, please take a look by clicking below -
http://www.palgrave.com/economics/transport/Home.aspx

'Mallard and Glaister provide a broad introduction to transport economics that will appeal especially to undergraduates with little prior knowledge of economics or whose knowledge would benefit from a refresher. Teachers and students alike will be pleased with the many empirical case studies that illustrate how to put the theory and concepts developed to practical use.' - Professor Erik T. Verhoef, VU University Amsterdam

 
'This book stands apart from its competitors by providing a thorough explanation of the established economic framework and its relevance to the transport sector and to recent policy initiatives. I would recommend it for both undergraduate and MSc level courses in transport.' Dr Corinne Mulley, Newcastle University 
 
'This text aims to bring economic theories alive for students, elucidating traditional concepts by applying them to a real-world context'. - THES Textbook Guide

Foreword - Professor Geoff Harcourt of Jesus College, The University of Cambridge
Introduction
PART ONE: SETTING THE SCENE
The History of Transport
The Importance of Transport
PART TWO: THE THEORY OF MARKETS
The Demand for Transport
Markets, Costs and Revenues
Competition and Contestability
Monopoly
Monopolistic Competition
Oligopoly
Mathematical Appendix
PART THREE: MARKET FAILURE
Externalities
Public and Demerit Goods
Inequality and Asymmetric Goods
PART FOUR: POLICY
Privatisation and Deregulation
Project Appraisal - Cost-Benefit Analysis
Transport Investment
General Forms of Government Intervention
Tackling Traffic Congestion
PART FIVE: THE FUTURE

GRAHAM MALLARD teaches Economics and Business studies at Saffron Walden County High School. He holds degrees in Economics and Education from Cambridge University and the University of Sunderland, UK.

STEPHEN GLAISTER CBE is Professor of Transport and Infrastructure at Imperial College, University of London, UK. He is an eminent transport economist and adviser to Transport for London.