Unlike any other book available, this collection uses a detailed analysis of econometric results from current transportation literature to provide an integrated collection of theory and application. Case studies are used to illustrate the economic principles developed, while testable hypotheses and economic results are highlighted throughout the text to provide a well-developed introduction to the foundations of transportation economics.
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Editorial Reviews
Review
"Transportation Economics is an exceptionally well-done book which includes all the major points of interest in transportation economics and then some. McCarthy combines economic theory with econometric methods in a case-study approach and, in so doing, provides a comprehensive view of the entire field. The 'chapter highlights' are an excellent review of the ideas and topics presented. This is an excellent book for the upper-level undergraduate student and graduate student." Peter D. Loeb, Rutgers University.
"This is a rigorous text providing a comprehensive coverage for both the student and the specialist in transportation economics. It is strongly recommended." Dr. Saad Yousif, Salford University.
From the Back Cover
Transportation Economics explores the efficient use of society's scarce resources for the movement of people and goods. This book carefully examines transportation markets and standard economic tools, how these resources are used, and how the allocation of society resources affects transportation activities.
This textbook is unique in that it uses a detailed analysis of econometric results from current transportation literature to provide an integrated collection of theory and application. Its numerous case studies illustrate the economic principles, discuss testable hypotheses, analyze econometric results, and examine each study's implications for public policy. These features make this a well-developed introduction to the foundations of transportation economics.
Additional case studies on a spectrum of domestic and international transportation topics available at http://www.blackwellpublishers.co.uk/mccarthy in order to keep students abreast of recent developments in the field and their implications for public policy.
The paperback edition of this book is not available from Blackwell in the US or Canda.
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Most Helpful Customer Reviews
4 of 4 people found the following review helpful:
5.0 out of 5 stars
A Must-Have for Transportation Economists,
By Transport Watcher (TX, United States) - See all my reviews
This review is from: Transportation Economics (Hardcover)
This is a great book for students, researchers, and professionals such as analysts and consultants!! If you are a student with Eco 101 background, this book can guide you through learning the theory and applying the theory to analyze issues in transportation decision-making. If you need to write a course paper for your class, you can simply read one of the Case Studies in the book, and then conduct your own research from there. It will save you a lot of time! If you are a researcher or in research business, you will find that the theory and cases in the book cover most of the important issues in transportation economics. The Case Study is more than a literature review, because it not only presents the conclusions as most literature reviews would do, it actually lists the models and equations and explains how the models are specified. It is really a great book to have handy.If Professor McCarthy decides to release a new edition sometime down the road, I would wish that he expand the investment chapters and add a new chapter on transportation financing.
1 of 1 people found the following review helpful:
4.0 out of 5 stars
Makajuma,
By
This review is from: Transportation Economics (Hardcover)
This is a good text for transport analysts even with limited economics background. I have no regrets for having purchased this text, it's value for the money spent on it.
2.0 out of 5 stars
oof!,
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This review is from: Transportation Economics (Hardcover)
Unless you have a thorough background in statistics and economic theory you will get lost with this book. If a lot of formulas, demand curves, models, and stuff like "Empirical Implementation of Optimality Rules" and "Testing the Equilibrium Location Conditions" are your thing, go right ahead and dive in. You'd probably give the book 5 stars. If not, get a different book.
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Inside This Book
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First Sentence:
Transportation economics is an applied area of economics that is concerned with the efficient use of society's scarce resources for the movement of people and goods from an origin to a destination. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
vehicle type choice, larger hub city, market demand for transportation, normalizing alternative, fronthaul shipments, housing price function, larger trunk carriers, motor carrier market, empirical cost function, empirical cost model, annual traffic loadings, backhaul shipments, esal loadings, monocentric framework, noninterstate roads, optimal congestion price, capital stock utilization, rapid transit trips, specialized motor carriers, generalized constant returns, real gas price, truckload sector, marginal transportation costs, highway durability, load per vehicle Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Los Angeles, Transport Economics, Transportation Research, San Francisco, Department of Transportation, South-West Region, Shipping Act, Motor Carrier Act, The Brookings Institution, The University of Chicago, Elsevier Science, San Diego, National Transportation Statistics, American Economic Review, Bureau of Transportation Statistics, Ever Present Airlines, Airline Deregulation Act, Journal of Urban Economics, National Research Council, New Jersey, Orange County, San Antonio, Transportation Act, Explanatory Variable Coefficient Estimate New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Transportation economics is an applied area of economics that is concerned with the efficient use of society's scarce resources for the movement of people and goods from an origin to a destination. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
vehicle type choice, larger hub city, market demand for transportation, normalizing alternative, fronthaul shipments, housing price function, larger trunk carriers, motor carrier market, empirical cost function, empirical cost model, annual traffic loadings, backhaul shipments, esal loadings, monocentric framework, noninterstate roads, optimal congestion price, capital stock utilization, rapid transit trips, specialized motor carriers, generalized constant returns, real gas price, truckload sector, marginal transportation costs, highway durability, load per vehicle Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Los Angeles, Transport Economics, Transportation Research, San Francisco, Department of Transportation, South-West Region, Shipping Act, Motor Carrier Act, The Brookings Institution, The University of Chicago, Elsevier Science, San Diego, National Transportation Statistics, American Economic Review, Bureau of Transportation Statistics, Ever Present Airlines, Airline Deregulation Act, Journal of Urban Economics, National Research Council, New Jersey, Orange County, San Antonio, Transportation Act, Explanatory Variable Coefficient Estimate New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 70
books:
See all 70 books this book cites
1
book
cites this book:
- Transport Economics by Kenneth J. Button on 8 pages
- The Applied Theory of Price by Donald N. McCloskey on 5 pages
- Public Transit Economics and Deregulation Policy (Studies in Regional Science and Urban Economics) by Joseph Berechman on 5 pages
- Applied Transport Economics (Transportation Studies) (Vol 4) by K. J. Button on 4 pages
- Principles of Transportation Economics by Kenneth D. Boyer on 4 pages
See all 70 books this book cites
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