Transportation Economics is aimed at advanced undergraduate and graduate civil engineering, planning, business, and economics students, though the material may provide a useful review for practitioners. While incorporating theory, there is a very applied bent to the course, as all the ideas covered are intended to help inform the real decisions that are made (or should be made) in practice.
This book uses two core ideas:
- Individuals (firms, agencies, agents, actors) behave according to incentives provided by their environment.
- The environment is shaped by the collective behavior of individuals.
The material of each page can be covered in a ninety-minute lecture.