Topic: 8.2 transport Policy: General

A complete indexing and article service is available free from 1967 to 2000

The Case for a Public Road Authority

The paper argues for a public Road Authority owning the highway infrastructure and holding debt. Present provisions for private roads lead to large distortions, and are unlikely to encourage private investment.

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A Review of New Demand Elasticities with Special Reference to Short and Long Run Effects of Price Changes

A literature review suggests that increases in real fuel prices would lead to a short run reduction in both traffic and consumption, due to more careful driving and differential responses for different journeys. In the longer run the effects would be increased. It is suggested that non-dynamic estimation methods are biased, and that transport prices have wider effects, and are a more important lever of transport policy, than has sometimes been assumed.

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Gasoline Tax Policy, Carbon emissions and the Global Environment

Gasoline demand elasticities in the OECD are analysed and used to forecast gasoline consumption and carbon emissions under various price and tax policies. If the whole OECD had taxes as high as Italy, emissions could be reduced by more than 30 per cent in the year 2000, instead of increasing by almost 50 per cent if taxes remained unchanged.

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Institutions and Objectives in transport Policy

The author examines conflicts in the transport sector between: EEC and UK; central government and nationalised industries; central and local government; and local government and transport operators. He concludes that continual reappraisal is necessary to ensure that institutional arrangements and operational objectives are consistent with political reality.

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