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...

This paper investigates the welfare costs of urban traffic by considering its implications on good-level prices. Using price data for 40 products from 70 cities (covering 47 countries) for multiple years, the estimation results suggest that the elasticity of good-level prices with respect to the...