Transport Economics

Coordinator: dr. A.J.H. Pels

Lecturers: dr. A.J.H. Pels

Course objective

The aim of this course is to provide students with an advanced knowledge of contemporary transport economics, considering both intra-city transport (e.g. congested road traffic, urban transit) and inter-city transport (notably aviation). Students

– learn theoretical and empirical methods applied in the field of transport economics and in related fields, such as transport planning.
– get a good understanding of the fundamental policy questions that are addressed in the field, and the methods with which these are addressed.
– learn the current state of affairs in the literature.
-are trained to critically read and properly understand contributions in the leading journals in the field.

Course content

This course covers advanced topics in theoretical and empirical research on urban transport economics. Key issues are demand analysis; cost functions and scale economies for various modes; congestion analysis in static and dynamic formulations; network equilibrium and optimum for deterministic and stochastic network models; first-best and second-best pricing in static and dynamic networks; investment analysis under first- best and second-best pricing; and industrial organization aspects of intra-city (e.g. roads and transit) and inter-city (e.g. airports and airlines) transport. The topics are addressed from a theoretical as well as an empirical perspective.

Course reading

– Small, K.A. and E.T. Verhoef, The Economics of Urban Transportation. Routledge, 2007.
– Additional literature for more specialized topics will be announced at the start of the course.

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