What is transport economics?

Transport Economics

Transport economics is a branch of economics that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip (the final good, in the consumer's eyes) may require the bundling of services provided by several firms, agencies and modes.

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Some articles on transport economics:

Transport Economics - Social Effects On Poverty
... because they have no choice but to rely on public transport ... In places with no public transport a car is the only viable option and that creates unnecessary strain on the roads and environment ... The lack of customers willing to use public transport creates a cycle that ultimately never leads to the transportation systems making significant progress ...
Highway - Economic Effects
... In transport, demand can be measured in numbers of journeys made or in total distance travelled across all journeys (e.g ... passenger-kilometres for public transport or vehicle-kilometres of travel (VKT) for private transport) ... of increases in supply (capacity) are of particular interest in transport economics (see induced demand), as the potential environmental consequences ...
Institute Of Transport Economics
... The Institute of Transport Economics (Norwegian Transportøkonomisk institutt, TØI) is a research institution working within the field of transport economics, predominantly applied research in Norway ...

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