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Economic Characteristics of Transport Systems
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aircraft airlines airport alternative arise average buses capacity capital cost changes Channel Tunnel choice city centre competition congestion congestion pricing consumers cost curve cost-benefit analysis costly decisions demand curve distance economic economies of scale economist effects elasticity enterprise estimates evaluation example external costs fares Figure Greater London Council higher important improvement income industry investment journeys kilometres kilometres per hour labour land large numbers less load factors London London Ringway lorries loss maintenance marginal cost pricing marginal social cost million modes monopoly motor motorists motorway off-peak operating costs parking passengers port possible problem produce public transport rail railways reason reduce road pricing road space route savings ships speed subsidy technological tion towns trans transport economics transport facilities transport infrastructure transport plan transport services transport system urban user cost Victoria Line volume of traffic