Economics of the Transportation System
نویسنده
چکیده
The transportation system comprises many sub-systems often characterized by the mode of transport involve, the geographical nature of its location or the types of transportation activity engaged upon. This article examines how economists view the transportation system and looks at some of the key concepts that they deploy in their analyses. The network nature of transportation systems generates a set of economic characteristics such as the focus of transportation activities on hubs, the need to develop pricing to cope with non-uniform patterns of demand, and a complex set of investment criteria.
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