Abstract
Advances by economists in understanding the demand, capacity and supply, pricing, finance and performance of urban transportation systems is reviewed. The economics of urban transportation has emphasized externalities such as traffic congestion. The effects of transport systems and travel behaviour on real estate prices, urban land use and density and urban expansion as well as the reciprocal effects of urban form on the nature and utilization of transport systems are studied by economists.
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Anas, A. (2018). Urban Transportation Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2359
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2359
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