THE TRANSPORT PROBLEM
Written by C.D. Foster
Published by Blackie & Son Ltd.
in 1963
THE TRANSPORT PROBLEM
Written by C.D. Foster.
Stock no. 679782
1st.
1963.
Hardback.
Slightly better than very good condition in a very good dustwrapper.
An assessment on economic grounds of the internal road-rail problem in Great Britain. Name in ink to front endpaper. Wrapper spine a little sunned.
Front cover
Contents
- Acknowledgements
- Foreword
- Introduction
- Part I THE FRAMEWORK
- 1 The Shortcomings of Some Simple Solutions to the Transport Problem
- 1.1 Simple solutions to the road problem
- 1.2 Simple solutions to the rail problem
- 1.3 Summary
- 2 The Policy of a Public Enterprise
- 2.1 Marginal cost pricing
- 2.2 Postwar experience
- 2.3 Present alternatives
- 3 The Basis for an Economic Solution
- 3.1 Rent, surplus and economic interest
- 3.2 Profit Maximization
- 3.3 Other 'commercial' policies
- 3.4 The social surplus criterion
- PART II THE RAIL PROBLEM
- 4 Railway Costs and Charges: Profit Maximization
- 4.1 Costs
- 4.2 Charging
- 4.3 Deficit charging policy
- 5 Railway Investment: Profit Maximization
- 5.1 The modernization plan
- 5.2 The explanation of the shortcomings of the plan
- 5.3 The evaluation of risk
- 5.4 The rate of interest
- 6 The Consumers' Surplus Criterion for Railways
- 6.1 Definition of the criterion: benefits
- 6.2 Definition of the criterion: costs
- 6.3 Charging
- 6.4 Invesment
- 6.5 Summary
- 7 Regulation and Subsidy
- 7.1 Regulations and restrictions
- 7.2 Taxes
- 7.3 Supply of finance
- 7.4 Subsidization and cross-subsidization
- PART III THE ROAD PROBLEM
- 8 The Road Programme
- 8.1 The conflict of interest
- 8.2 Recent developments
- 8.3 Present policy: the grant system
- 8.4 Present policy: investment
- 8.5 Criteria
- 8.6 Summary
- 9 The Costs of the Road System
- 9.1 Assets
- 9.2 The road-users
- 9.3 The identification of costs
- 10 Charging for the Use of the Road System
- 10.1 Attribution of costs for charging
- 10.2 Methods of charging: consumers' surplus maximization
- 10.3 Methods of charging: profit maximization
- 10.4 Rationing the use of the road system
- 10.5 Summary
- 11 The Consumers' Surplus Criterion for Investment in Roads
- 11.1 The London-Birmingham motorway
- 11.2 Some comparisons between criteria
- 11.3 Improving the criterion used
- 11.4 Conclusion
- PART IV THE TRANSPORT PROBLEM
- 12 Competition and Coordination
- 12.1 The competitive solution
- 12.2 Coordination
- 12.3 Coordination of investment
- 13 Summary of conclusions