The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Urban Transportation Economics

  • Alex Anas
Reference work entry


Advances by economists in understanding the demand, capacity and supply, pricing, finance and performance of urban transportation systems is reviewed. The economics of urban transportation has emphasized externalities such as traffic congestion. The effects of transport systems and travel behaviour on real estate prices, urban land use and density and urban expansion as well as the reciprocal effects of urban form on the nature and utilization of transport systems are studied by economists.


Congestion Congestion tolls Derived demand George, H. Labour market discrimination Land markets Land taxes Land use Land values Land-use zoning Pigouvian taxes Residence location choice Samuelson, P. Spatial mismatch Static assignment models Stationary state models Transport externalities Transport system performance Urban economics Urban sprawl Urban transportation economics Value of time Work location choice 

JEL Classifications

R4 R14 H23 H41 H54 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Alex Anas
    • 1
  1. 1.