Environment and Transport in Economic Modelling

The analysis of relationships between transport and environmental policy has invited interdisciplinary treatment and a variety of approaches. A subset of the approaches used involves economic analysis. Economic approaches often consider pricing policies and attempt to evaluate their effectiveness in comparison with more traditional measures such as “command and control” regulation and directed technological innovation. Another important subset of approaches involves simulation modelling, in which key relationships are represented mathematically so that their influence can be quantified and their inter-relationships discerned precisely. This book treats the intersection of these two subsets of approaches: simulation models with a strong economic content. This intersection defines a way to study environment and transport. Its breadth is illustrated by the wide range of policies, from carbon taxes to speed limits, treated here.