The bus transport sector evolved from a highly regulated and concentrated market with a handful of players in the 1970s … to a more liberalized albeit still regulated market with hundreds of small operators. Major reforms in bus transport …. Market inefficiencies manifest in too many operators and buses, and indiscipline in the road adding to traffic congestion …

Transport economics and policy analysis is a field which has seen major advances in methodology in recent decades. The … transport sector has many unique characteristics - non-storability, economies of scale and scope, indivisibilities and the …. The book is divided into six sections - transport costs, externalities, transport demand, pricing and investment …