Book Review

Academic interest in transport economics waxes and wanes. It was initiated (at least in its modern form) in France in the 1840s and 1850s to handle issues of investment and pricing of transport infrastructure. The advent of the railways raised challenges of monopoly power, regulation and, in some co...

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Bibliographic Details
Main Author: Kenneth Button
Format: Article
Language:English
Published: TU Delft OPEN Publishing 2004-06-01
Series:European Journal of Transport and Infrastructure Research
Online Access:https://journals.open.tudelft.nl/ejtir/article/view/4264
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author Kenneth Button
author_facet Kenneth Button
author_sort Kenneth Button
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description Academic interest in transport economics waxes and wanes. It was initiated (at least in its modern form) in France in the 1840s and 1850s to handle issues of investment and pricing of transport infrastructure. The advent of the railways raised challenges of monopoly power, regulation and, in some countries, appropriate ownership. The internal combustion engine brought with it initially economic questions associated with traffic congestion and more recently concerns with environmental degradation. Regulation issues returned to the forefront from the 1980s as new approaches to economic regulation emerged and as there was increased interest in making fuller use of market instruments. Overlapping this, the globalization of trade and the formation of trade blocks such as the European Union has led to a more detailed look at the role transportation plays in the economic development process.
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spelling doaj.art-d5195c01724f4e818ee23bf3bd7a0b2a2024-08-03T11:47:59ZengTU Delft OPEN PublishingEuropean Journal of Transport and Infrastructure Research1567-71412004-06-014210.18757/ejtir.2004.4.2.42643771Book ReviewKenneth Button0George Mason UniversityAcademic interest in transport economics waxes and wanes. It was initiated (at least in its modern form) in France in the 1840s and 1850s to handle issues of investment and pricing of transport infrastructure. The advent of the railways raised challenges of monopoly power, regulation and, in some countries, appropriate ownership. The internal combustion engine brought with it initially economic questions associated with traffic congestion and more recently concerns with environmental degradation. Regulation issues returned to the forefront from the 1980s as new approaches to economic regulation emerged and as there was increased interest in making fuller use of market instruments. Overlapping this, the globalization of trade and the formation of trade blocks such as the European Union has led to a more detailed look at the role transportation plays in the economic development process.https://journals.open.tudelft.nl/ejtir/article/view/4264
spellingShingle Kenneth Button
Book Review
European Journal of Transport and Infrastructure Research
title Book Review
title_full Book Review
title_fullStr Book Review
title_full_unstemmed Book Review
title_short Book Review
title_sort book review
url https://journals.open.tudelft.nl/ejtir/article/view/4264
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