1st Edition

Transport Economics An Institutional, Policy, and Human Factors Approach

By Cameron Elliott Gordon Copyright 2026
464 Pages 57 B/W Illustrations
by Routledge

464 Pages 57 B/W Illustrations
by Routledge

464 Pages 57 B/W Illustrations
by Routledge

This book takes an interdisciplinary, institutional, and historically informed approach to the economics of transport, providing a more nuanced and complete understanding of human transport choices, individually and collectively, and the related choice of location, including the formation of cities. The first principles of standard economic theory – referred to here as the core model – are... Read more

Table of Contents

Acknowledgements
List of Acronyms and Abbreviations
Glossary of Main Transport and Economics Terms
Useful Websites and Further Reading

Section 1: Transport economics basics

1. Introduction
2. Basic elements
3. Markets
4. Geography

Section 2: Transport Demand

5. User travel choices
6. Modes and mode choice 
7. Cost
8. Transport and the human body

Section 3: Transport supply
9. Infrastructure and vehicles
10. Finance and funding
11. Planning, management and governance
12. Operational issues

Section 3: “System” policy issues

13. Externalities and other market failures
14. Justice, equity, disadvantage, and social exclusion
15. Economic evaluation of transport
16. Logistics, freight, and supply and value chains
17. Resilience and sustainability
18. Political economy
19. Human factors
20. Micro-mobility versus large networks and Mobility as a Service (MaaS)
21. Some conclusions above the past, present, and future

Index

Biography

Cameron Elliott Gordon is Adjunct Associate Professor (Australian National University) and has been on the faculties of the City University of New York and University of Southern California; served on Transportation Research Board (TRB) programme committees; and worked in the US federal, and New York City governments.

“A compelling read, that flies through a vast range of ways that urban transport affects society and its space-time dimensions. It traces changes over time in technologies and economies to show how they have shifted roles of urban transport, viewed through an interdisciplinary lens that incorporates foundational economic theory.”

Glen Weisbrod, founder and former CEO, Economic Development Research Group, US

“A non technical approach to transport economics, enlivened by real life case studies of transport issues. Maybe a text book in name but the topics are so interestingly presented with relevant vignettes in boxes that knowledge is gained without effort.”

Corinne Mulley, Professor Emerita, University of Sydney, Australia