This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected...

This collection includes both classical and recent papers that explore the complex interrelationships between transport, land use and the spatial organization of metropolitan areas. Since land use planning and transportation planning play a major role in shaping these relationships, special...

Cost overruns have been shown to occur in a significant number of transportation investment projects. While there is some literature on the causes of risk of cost overruns in transportation capital investment, little is available on how properly to estimate this risk and how to incorporate risk...

A $450 million light rapid rail transit (LRRT) system is currently under construction in Buffalo, New York. This project represents a large public investment for a transportation system for which user benefits are not the sole or even a major consideration. Anticipated increases in service...

In this paper, we explore how an incumbent airline firm structures its route network under the threat of entry caused by deregulation. We show that entry induces the incumbent firm to strategically alter its flight operating network structure from a fully connected network (FC) to a...