Naturally monopolistic network industries are subject to regulation of access to market and charging in order to achieve optimal use of infrastructure and avoid the abuse of monopoly power. Relatively little is known what results does such regulation generate and whether it achieves objectives....

The transport economics literature has indicated that introduction of competition for the market in urban bus services (i.e. by means of competitive bidding) could promote cost-efficiency with low fares and better quality services. Therefore, this paper analyse the main outcomes and the latest...

This paper discusses some transport economic dimensions of Lucians "Dialogues of the Dead". Using the service "soul transportation to Hades" as an example, we discuss the transport economic notions revealed in these dialogues, and we draw the parallels to modern economic and political debates....

Accident externalities are among the most important external costs of road transport. We study the regulation of these when insurance companies have market power. Using analytical models, we compare a public-welfare maximizing monopoly with a private profit-maximizing monopoly, and markets where...

The purpose of this paper is to compare the interaction between pricing and capacity decisions on simple serial and parallel transport networks. When individual links of the network are operated by different regional or national authorities, toll and capacity competition is likely to result....

This paper surveys tax and regulatory policies for road transport in the EU. According to the economic literature, policy reforms are needed that substitute current fuel and vehicle taxes by car and truck user taxes that depend on place and time of use. The survey analyzes how policies have...

This article presents an application of the Ramsey Pricing approach to establish the price cap or pricing ceiling per minute for the parking lot service in Bogotá (Colombia), using the microeconomic framework for price fixing from a costs analysis (total fixed costs, total variables costs,...

Price and quantity regulations, as well as statutory vehicle and driver standards, for the taxi and PHV sector have long been justified on grounds of imperfect information (OECD 2008). The nature of taxi markets in the pre-digital era was such that searching (finding and sorting through the...

Over the past two years, there has been a worldwide regulatory backlash against new smartphone-app-based Private Hire Vehicle (PHV) operators, with Uber probably being the most emblematic one. While a few regulatory clarifications can be justified, the vast majority of measures have been...

In September 2016, Transport for London (TfL) launched a consultation on its review of the regulations covering private hire vehicles (PHVs), commonly known as minicabs. Whilst recent technological developments have had important implications for the private passenger transport sector –...