Transport in a Free Market Economy

Download or read book Transport in a Free Market Economy written by David Banister and published by Springer. This book was released on 2016-07-27 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport policy has dramatically changed over the last ten years with major regulatory reforms and privatisation of transport enterprises. Part 1 presents an authoritative statement of the theoretical arguments for and against regulatory reform, the changing political scene in North America and the different mechanisms that can be used to return state-owned monopolies to the private sector. Part 2 presents the empirical evidence on ten years of airline deregulation in the United States and this review is matched by an assessment of the different situation in Europe where national governments are under pressure to follow the same path.