Transportation Policy And Economic Regulation: Essays In Honor Of Theodore Keeler

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Overview

Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses pressing transportation issues-such as cabotage in air transport-providing understanding of the effectiveness of current and proposed policy. The book examines new policies, such as global airline deregulation and competitive bidding, across all major transportation modes. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing a detailed reference for current transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market's role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. The book explores different approaches to dealing with such transportation issues in different parts of the world. Contemporary transportation policy debates have shifted from primarily examining the merits of reforming economic regulations at national levels to examining alternative methods of social regulation (such as safety regulation and emission controls), and identifying new approaches to changing economic regulations. Examines the latest transportation policy developments across all major modes, as well as comparative international analysis Shows how new policy changes, such as changes in regulation, affect overall transportation system performance Features methodological chapters to assist researchers in choosing their own methods, while subject matter chapters provide insights into particular transportation policy issues Examines policies on a global scale, revealing best practices used by the transportation industry in today's internationally competitive business environment Analyzes transport prices, speed of service, use of information technology, and operating issues, highlighting how transportation enhances quality of life