First Sentence:
In a market economy, transportation demand presumably arises as a result of utility or profit maximization decisions by households and firms.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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statistical costing, average gross wage rate, efficient infrastructure policy, estimated conduct parameters, disaggregate discrete choice models, minimum efficient density, total road costs, transborder market, translog total cost function, transport demand elasticities, area license scheme, endogenous scheduling, peaking ratio, deregulated airline markets, intercity revenues, ordinary demand elasticities, relevant incremental costs, road haulage costs, imperfect contestability, profitable entry opportunity, optimal fares, economic modelling approach, zonal interchanges, homogeneous market segment, elasticity version
Key Phrases - Capitalized Phrases (CAPs):
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Transportation Research, Department of Transport, New York, Bay Area, Hong Kong, United States, Brookings Institution, Clifford Winston, Las Vegas, London Transport, Office of Fair Trading, University of California, Bell Journal of Economics, North America, University of British Columbia, International Journal of Transport Economics, Interstate Commerce Commission, Rand Journal of Economics, World Bank, Economic Modelling Approach, Highland Scottish, Inverness Traction, Transportation Economics, United Airlines, American Trucking Associations
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