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Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip may require the bundling of services provided by several firms, agencies and modes.
Bicycle-friendly policies and practices help some people feel more comfortable about traveling by bicycle with other traffic. The level of bicycle-friendliness of an environment can be influenced by many factors including town planning and cycling infrastructure decisions. A stigma towards people who ride bicycles and fear of cycling is a social construct that needs to be fully understood when promoting a bicycle friendly culture.
Road pricing are direct charges levied for the use of roads, including road tolls, distance or time-based fees, congestion charges and charges designed to discourage the use of certain classes of vehicle, fuel sources or more polluting vehicles. These charges may be used primarily for revenue generation, usually for road infrastructure financing, or as a transportation demand management tool to reduce peak hour travel and the associated traffic congestion or other social and environmental negative externalities associated with road travel such as air pollution, greenhouse gas emissions, visual intrusion, noise pollution and road traffic collisions.
Congestion pricing or congestion charges is a system of surcharging users of public goods that are subject to congestion through excess demand, such as through higher peak charges for use of bus services, electricity, metros, railways, telephones, and road pricing to reduce traffic congestion; airlines and shipping companies may be charged higher fees for slots at airports and through canals at busy times. Advocates claim this pricing strategy regulates demand, making it possible to manage congestion without increasing supply.
Bus rapid transit (BRT), also referred to as a busway or transitway, is a bus-based public transport system designed to have much more capacity, reliability and other quality features than a conventional bus system. Typically, a BRT system includes roadways that are dedicated to buses, and gives priority to buses at intersections where buses may interact with other traffic; alongside design features to reduce delays caused by passengers boarding or leaving buses, or paying fares. BRT aims to combine the capacity and speed of a light rail transit (LRT) or mass rapid transit (MRT) system with the flexibility, lower cost and simplicity of a bus system.
Utility cycling encompasses any cycling done simply as a means of transport rather than as a sport or leisure activity. It is the original and most common type of cycling in the world. Cycling mobility is one of the various types of private transport and a major part of individual mobility.
The American Public Transportation Association (APTA) is a nonprofit group of approximately 1,500 public and private sector member organizations that promotes and advocates for the interests of the public transportation industry in the United States.
Sustainable transport refers to ways of transportation that are sustainable in terms of their social and environmental impacts. Components for evaluating sustainability include the particular vehicles used for road, water or air transport; the source of energy; and the infrastructure used to accommodate the transport. Transport operations and logistics as well as transit-oriented development are also involved in evaluation. Transportation sustainability is largely being measured by transportation system effectiveness and efficiency as well as the environmental and climate impacts of the system. Transport systems have significant impacts on the environment, accounting for between 20% and 25% of world energy consumption and carbon dioxide emissions. The majority of the emissions, almost 97%, came from direct burning of fossil fuels. In 2019, about 95% of the fuel came from fossil sources. The main source of greenhouse gas emissions in the European Union is transportation. In 2019 it contributes to about 31% of global emissions and 24% of emissions in the EU. In addition, up to the COVID-19 pandemic, emissions have only increased in this one sector. Greenhouse gas emissions from transport are increasing at a faster rate than any other energy using sector. Road transport is also a major contributor to local air pollution and smog.
In urban planning, transit-oriented development (TOD) is a type of urban development that maximizes the amount of residential, business and leisure space within walking distance of public transport. It promotes a symbiotic relationship between dense, compact urban form and public transport use. In doing so, TOD aims to increase public transport ridership by reducing the use of private cars and by promoting sustainable urban growth.
Value capture is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners. In many countries, the public sector is responsible for the infrastructure required to support urban development. This infrastructure may include road infrastructure, parks, social, health and educational facilities, social housing, climate adaptation and mitigation tools, and more. Such infrastructure typically requires great financial investment and maintenance, and often the financing of such projects leans heavily on the government bodies themselves.
The International Association of Public Transport is a non-profit member-led organisation for public transport authorities, networks and operators, policy decision-makers, scientific institutes and the public transport supply and service industry, that works to advance sustainable urban mobility.
Complete streets is a transportation policy and design approach that requires streets to be planned, designed, operated and maintained to enable safe, convenient and comfortable travel and access for users of all ages and abilities regardless of their mode of transportation. Complete Streets allow for safe travel by those walking, cycling, driving automobiles, riding public transportation, or delivering goods.
Bicycle parking is part of the cycling infrastructure of a populated place allowing for the storage of bicycles when they are not being used. Parking facilities for bicycles include racks, lockers, parking stations, and covered areas. Bicycle parking infrastructure, in addition to cyclists' equipment such bicycle locks, offers a degree of security and may prevent bicycle theft. Ad hoc bicycle parking alongside railings, signs, and other street furniture is a common practice and may be recognized through formal legal arrangements.
Melbourne is the capital of the Australian state of Victoria and the second-most populous city in Australia, after Sydney. Its name generally refers to a 9,993 km2 (3,858 sq mi) metropolitan area known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area.
The Institute for Transportation and Development Policy (ITDP) is a non-governmental non-profit organization that focuses on developing bus rapid transit (BRT) systems, promoting biking, walking, and non-motorized transport, and improving private bus operators margins. Other programs include parking reform, traffic demand management, and global climate and transport policy. According to its mission statement, ITDP is committed to "promoting sustainable and equitable transportation worldwide."
Public transport is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typically managed on a schedule, operated on established routes, and that may charge a posted fee for each trip. There is no rigid definition of which kinds of transport are included, and air travel is often not thought of when discussing public transport—dictionaries use wording like "buses, trains, etc." Examples of public transport include city buses, trolleybuses, trams and passenger trains, rapid transit and ferries. Public transport between cities is dominated by airlines, coaches, and intercity rail. High-speed rail networks are being developed in many parts of the world.
In cost–benefit analysis and social welfare economics, the term option value refers to the value that is placed on private willingness to pay for maintaining or preserving a public asset or service even if there is little or no likelihood of the individual actually ever using it. The concept is most commonly used in public policy assessment to justify continuing investment in parks, wildlife refuges and land conservation, as well as rail transportation facilities and services. It is also recognized as an element of the total economic value of environmental resources.
A reduced fare program refers to special programs providing particular passengers with a discounted fare option for travel on a public transport system. In the United States, public transportation systems that receive federal funding are required to offer, at minimum, half fares to the elderly and handicapped persons during off peak travel. Some transportation systems also extend reduced fare options to youth, students, military personnel, and low-income passengers.
Many countries offer subsidies to their railways because of the social and economic benefits that it brings. The economic benefits can greatly assist in funding the rail network. Those countries usually also fund or subsidize road construction, and therefore effectively also subsidize road transport. Rail subsidies vary in both size and how they are distributed, with some countries funding the infrastructure and others funding trains and their operators, while others have a mixture of both. Subsidies can be used for either investment in upgrades and new lines, or to keep lines running that create economic growth.
The green transport hierarchy (Canada), street user hierarchy (US), sustainable transport hierarchy (Wales), urban transport hierarchy or road user hierarchy is a hierarchy of modes of passenger transport prioritising green transport. It is a concept used in transport reform groups worldwide and in policy design. In 2020, the UK government consulted about adding to the Highway Code a road user hierarchy prioritising pedestrians. It is a key characteristic of Australian transport planning.
References
- 1 2 Victoria Transport Public Institute (March 19, 2015). "Victoria Transport Institute – Main Page". Vtpi.org. Retrieved June 3, 2015.
- ↑ Archived October 9, 2006, at the Wayback Machine
- ↑ "Victoria Transport Policy Institute". ViaStrada.co.nz. Retrieved June 3, 2015.
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