Transportation is the world's largest invisible industry. Modern society
is completely dependent on transportation to sustain its way of life,
and it is all around us constantly. Yet the economics of transportation
is a mystery to most people. Why do air fares rise and fall? Why do
urban transit systems struggle to survive and require such large public
subsidies? Why does freight transport cost more to move in one direction
than an equal distance in another? Why is the government so heavily
involved in transportation? Concepts of Transportation Economics
provides explanations to these queries and many more, as well-renowned
experts in the field, Barry E Prentice and Darren Prokop interpret the
unique dynamics underlying transportation through the lens of applied
economics, and demonstrate that the operations of transportation are
completely logical and obvious once the concepts that underlie business
decisions and consumer reactions are explained.