Economics of the Road Transport [Hardcover]

Owing to its strong interface with the general public, policy makers handling transport remain occupied with matters relating to day to day demand for transport services and regulatory aspects leaving little time for analysis on transport policy issues. Lack of data and legal complications involved in transport management generally restrict research studies by the academics also. Exploring this sector in greater detail therefore, becomes necessary more so as it happens to be the backbone of the economy. This book is an attempt to analyze various dimensions of the transport sector and provide an analytical framework for examining transport policies. Along with discussions on alternate markets existing in various subsegments of the transport sector, externalities occurring as a result of movement of vehicles namely, pollution, accidents and congestion are examined at length. Potential of the sector in generating revenue and possibilities of soliciting public private partnership in the transport infrastructure get a special treatment in the book being the upcoming areas.