This authoritative collection gathers together the issues important to the understanding of the challenges and problems of rail transport. Part one includes articles on cost and productivity, part two discusses pricing and part three looks at regulation and privatization. Part four examines econometric rail demand models. Part five focuses on disaggregate choice modelling and part six covers investment. The editors have included not only papers by Griliches, Keeler and Caves et al on cost functions, Baumol on pricing and regulation and Foster and Beesley on investment, but also lesser known papers which pioneer up-to-date methods. Together these form a valuable collection of previously published articles which should be of interest to researchers and policy analysts in the industry and to academics and students specializing in rail transport policy and economics.
This authoritative collection gathers together the issues important to the understanding of the challenges and problems of rail transport. Part one includes articles on cost and productivity, part two discusses pricing and part three looks at regulation and privatization. Part four examines econometric rail demand models. Part five focuses on disaggregate choice modelling and part six covers investment. The editors have included not only papers by Griliches, Keeler and Caves et al on cost functions, Baumol on pricing and regulation and Foster and Beesley on investment, but also lesser known papers which pioneer up-to-date methods. Together these form a valuable collection of previously published articles which should be of interest to researchers and policy analysts in the industry and to academics and students specializing in rail transport policy and economics.
Contents:
Acknowledgements
Introduction Chris Nash, Mark Wardman, Kenneth Button and Peter
Nijkamp
PART I COSTS AND PRODUCTIVITY
1. Zvi Griliches (1972), ‘Cost Allocation in Railroad
Regulation’
2. Theodore E. Keeler (1974), ‘Railroad Costs, Returns to Scale,
and Excess Capacity’
3. Douglas W. Caves, Laurits R. Christensen and Joseph A. Swanson
(1980), ‘Productivity in U.S. Railroads, 1951–1974’
4. Douglas W. Caves, Laurits R. Christensen, Michael W. Tretheway
and Robert J. Windle (1985), ‘Network Effects and the Measurement
of Returns to Scale and Density for U.S. Railroads’
5. Tae Hoon Oum and Chunyan Yu (1994), ‘Economic Efficiency of
Railways and Implications for Public Policy: A Comparative Study of
the OECD Countries’ Railways’
PART II PRICING
6. Harold Hotelling (1938), ‘The General Welfare in Relation to
Problems of Taxation and of Railway and Utility Rates’
7. William J. Baumol, James C. Bonbright, Yale Brozen, Joel Dean,
Ford K. Edwards, Calvin B. Hoover, Dudley F. Pegrum, Merrill J.
Roberts and Ernst W. Williams, Jr. (1962), ‘The Role of Cost in the
Minimum Pricing of Railroad Services’
8. Jan Owen Jansson (1998), ‘An Analysis of the Rail Transport
System’
PART III REGULATION AND PRIVATISATION
9. William J. Baumol (1983), ‘Some Subtle Pricing Issues in
Railroad Regulation’
10. Louis Thompson (1993), ‘The Evolution of Railroad Regulation in
the United States’
11. F. Mizutani and K. Nakamura (1997), ‘Privatization of the Japan
National Railway: Overview of Performance Changes’
12. C.A. Nash and J. Preston (1993), ‘The Policy Debate in Great
Britain’
PART IV ECONOMETRIC RAIL DEMAND MODELS
13. Lester B. Lave (1972), ‘The Demand for Intercity Passenger
Transportation’
14. Jonathan Tyler and Richard Hassard (1973), ‘Gravity/Elasticity
Models for the Planning of the Inter-urban Rail Passenger
Business’
15. A.D. Owen and G.D.A. Phillips (1987), ‘The Characteristics of
Railway Passenger Demand’
16. Mark Wardman (1997), ‘Inter-urban Rail Demand, Elasticities and
Competition in Great Britain: Evidence from Direct Demand
Models’
17. Jonathan Preston (1991), ‘Demand Forecasting for New Local Rail
Stations and Services’
18. P. Someshwar Rao (1978), ‘Forecasting the Demand for Railway
Freight Services’
PART V DISAGGREGATE CHOICE MODELLING
19. Benedikt Mandel, Marc Gaudry and Werner Rothengatter (1994),
‘Linear or Nonlinear Utility Functions in Logit Models? The Impact
on German High-Speed Rail Demand Forecasts’
20. David A. Hensher (1998), ‘Establishing a Fare Elasticity Regime
for Urban Passenger Transport’
21. E.P. Kroes and R.J. Sheldon (1985), ‘Stated Preference
Techniques in Measuring Travel Elasticities’
22. Phillipa Marks and Mark Wardman (1991), ‘Leisure Travel’
23. Tony Fowkes and Geoff Tweddle (1997), ‘Validation of Stated
Preference Forecasting: A Case Study Involving Anglo-Continental
Freight’
PART VI INVESTMENT
24. C.D. Foster and M.E. Beesley (1965), ‘Estimating the Social
Benefit of Constructing an Underground Railway in London’
25. Stewart Joy (1971), excerpt from ‘Pricing and Investment in
Railway Freight Services’
26. A. Bonnafous (1987), ‘The Regional Impact of the TGV’
27. David Damm, Steven R. Lerman, Eva Lerner-Lam and Jeffrey Young
(1980), ‘Response of Urban Real Estate Values in Anticipation of
the Washington Metro’
28. Christopher Nash (1992), ‘Appraisal of Rail Projects’
Name Index
Edited by Chris Nash, Research Professor, Institute for Transport Studies, University of Leeds, UK and Visiting Professor, Masaryk University, Czech Republic, Mark Wardman, Reader in Transport Economics, Institute for Transport Studies, University of Leeds, UK, Kenneth Button, University Professor, Schar School of Policy and Government, George Mason University, US and Peter Nijkamp, Professor Emeritus, Vrije Universiteit Amsterdam, the Netherlands, the Centre for European Studies, Universitatea Alexandru Ioan Cuza din Iasi, Romania and the School of Public Policy and Management, Tsinghua University, China
'From Harold Hotelling to the present day, this volume gathers
together some of the most important contributions by transport
economists to advancing our understanding of how the railway
industry works.'
*John Preston, University of Oxford, UK*
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