Elsevier Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler

Transportation Policy and Economic Regulation: Essays in Honor of Theodore Keeler addresses a number of today's important transportation policy issues, exploring a variety of transportation modes, and examining the policy implications of a number of alternatives. Theodore Keeler had a distinguished career in transportation economics, helping to shape regulatory policies concerning the transportation industries and assessing the appropriateness of various policies. A distinguishing feature of his work is that it always had policy implications. As a tribute to Theodore Keeler, this book examines transportation policy issues across a variety of transportation industries, including aviation, railroads, highways, motor carrier transport, automobiles, urban transit, and ocean shipping. The book evaluates the economic impact and effectiveness of various policies, employing empirical analyses and new estimation techniques, such as Bayesian analysis. The book is designed for transportation professionals and researchers, as well as transportation economics students, providing an in-depth analysis of some of today's important transportation policy issues. Policy changes established in the last 35-40 years have introduced profound changes in the business environment of the transportation industry. Past policy changes promoted the free market's role in setting prices and determining service availability. While 21st century policy has focused on a variety of other issues, such as safety, road and air congestion, productivity growth, labor relations and exhaust emission, many still promote the role of competition. In addition to examining various transportation policy issues in the U.S., the book explores some approaches to dealing with transportation issues in different parts of the world. Contemporary transportation policy debates have broadened from their initial focus of primarily examining the merits of reforming economic regulations at national l Review This insightful volume examines new transportation policy issues and related economic developments across all major international transportation modes About the Author John Bitzan's areas of research include transportation economics, transportation industry structure and performance, and the impacts of regulatory change in the transport industries. He is co-editor of the book entitled Airline Efficiency (Emerald forthcoming). He is also Associate Editor of the book series Advances in Airline Economics (Emerald) as well as Associate Editor of Journal of Transportation Research Forum (Transportation Research Forum). James Peoples' area of research includes analysis of production efficiency for different modes of freight transportation as well as analysis of labor market activity in transportation industries. He has edited the following book on transportation economics: Transportation Labor Issues and Regulatory Reform (2004, Elsevier); Pricing Behavior and Non-Price Characteristics in the Airline Industry (2012, Emerald); and The Economics of International Airline Transport (2014, Emerald). He is also the series editor of Advances in Airline Economics (Emerald), and board member of the journal, Transport Policy (Elsevier).