INTERNALISING THE SOCIAL COSTS OF TRANSPORT Chapter 5 Obstacles to the Use of Economic Instruments in Transport Policy

ing from distributional problems for the moment, there is little reason for treating this club good like a public good and for producing or allocating transport services according to public rules. On the other hand, the transport infrastructure is characterised by a sub-additivy of costs, and its use leads to external diseconomies. Therefore, a high level… (More)