This paper develops an empirical model of the relationship between road traffic accidents and traffic flows. The analysis focuses on the accident externality, which is determined mainly by the difference between the marginal and average risks. The model is estimated using a new data-set which...

This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...

The well-coordinated terrorist attacks on Sept. 11, 2001 presented the world with a new aviation security threat: the capture of aircraft in flight to be used as human-guided missiles. The two previous threats—hijacking an aircraft for ransom and putting a bomb aboard an aircraft—had led to...

This report organizes and discusses empirical estimates of the effects of fuel prices and fuel emission standards on consumer and firm behaviour. I touch only briefly on model-free estimates. The focus is on results based on explicit models, taken mostly from the industrial organization...

The concept of the general purpose (GP) lane has dominated modern highway thinking and practice in OECD countries, especially for limited-access highways such as inter-city motorways and urban expressways, whether tolled or non-tolled. This paper raises the question of whether, in some...