Handbook on Transport Pricing and Financing

Edited by Alejandro Tirachini, Associate Professor, Civil Engineering Department, Universidad de Chile, and Instituto Sistemas Complejos de Ingeniería, Chile, Daniel Hörcher, Research Associate, Department of Civil and Environmental Engineering, Imperial College London, UK and Research Associate, Department of Transport Technology and Economics, Budapest University of Technology and Economics, Hungary and Erik T. Verhoef, Professor of Spatial Economics, Department of Spatial Economics, Vrije Universiteit Amsterdam, the Netherlands

• Contents:Introduction to the Handbook on Transport Pricing and Financing1Daniel Hörcher, Alejandro Tirachini and Erik T. VerhoefPART I THEORETICAL FOUNDATIONS1. History of transport pricingRoger Vickerman 92. Transport pricing: theory and methodologies Achim I. Czerny and Stefanie Peer 243. Transport pricing beyond the social optimumErik T. Verhoef 394. Pricing and other instruments for climate change mitigation in private transportHenrik Andersson, Davide Cerruti and Cristian Huse 595. Urban form and the pricing of transport and parkingSofia F. Franco 736. Equity and distributional issues in transport pricingChristophe Heyndrickx and Inge Mayeres 1077. The political economy of transport pricing and investmentBruno De Borger and Antonio Russo124PART II TRANSPORT MODES8. Road pricing and provision of capacitySe-il Mun and Daisuke Fukuda 1469. Public transport: design, scale, and pricingSergio Jara-Díaz, Antonio Gschwender and Daniel Hörcher 17110. From taxis to ride-hailing: market equilibrium analysis and implications for regulationsXiaolei Wang and Fangfang Yuan 19011. The economics of airports’ pricingTiziana D’Alfonso, Martina Gregori, Hugo E. Silva and Leonardo J. Basso 20712. Pricing in freight transport 229Edoardo Marcucci, Valerio Gatta, Michele Simoni and Ila Maltese13. Connected and automated vehicles: effects on pricing 252César Núñez and Alejandro TirachiniPART III TRANSPORT FUNDING AND FINANCING14. Transport funding and financing: a conceptual overview of theory and practice 273José Manuel Vassallo and Laura Garrido15. Investment appraisal: links between finance and economics 295Georgina Santos, Iven Stead and Tom Worsley16. The regulation of public–private partnerships 311Eduardo Engel, Ronald Fischer and Alexander Galetovic17. Financing sustainable transport infrastructure in emerging markets and developing economies 330José C. Carbajo18. Transport financing and regional development 348Javier Asensio and Anna MatasPART IV REGIONAL PERSPECTIVES19. Road transport pricing and financing in Africa 364Leonard Mwesigwa, Moez Kilani and Matti Siemiatycki20. A review of selected transport pricing, funding and financing issues in Asia 380Wei Liu, Fangni Zhang, Xiaolei Wang and Yili Tang21. Transport pricing in Europe 394Chris Nash and Heike Link22. Pricing urban transport in Latin America 417Andrés Gómez-Lobo and Tomás Serebrisky23. Road pricing applications in North America436Mark Burris, John Brady and Sruthi Ashraf24. Transport pricing and financing in Oceania452John Stanley and David A. HensherIndex472

‘The advent of electric vehicles, which won’t pay fuel taxes, and autonomous vehicles, which may not even have passengers, puts front-and-center the need to revisit how road transport is funded. This Handbook provides a comprehensive overview of transport funding around the world, and serves as a necessary foundation for the emerging new mobility.’