This book provides an introduction and overview to nine applied financial studies on the theme of transport. The studies cover a wide range of topics, from value based trading of real assets in shipping, to the determinants of efficiency and productivity in European railways, to the market for used cars. The studies employ a variety of applied techniques across a range of countries, analysing a range of different modes of transport.
This book was originally published as a special issue of Applied Economics.
1. The applied economics of transport: introduction and overview M. P. Taylor
2. Value based trading of real assets in shipping under stochastic freight rates S. Sødal, S. Koekebakker and R. Adland
3. Forecasting container transshipment in Germany P. M. Schulze and A. Prinz
4. Economics on the optimal port queuing pricing to bulk ships C. H. Laih and K. Y. Chen
5. The determinants of efficiency and productivity in European railways A. Couto and D. J. Graham
6. Preventing competition because of ‘solidarity’: rhetoric and reality of airport investments in Spain G. Bel and X. Fageda
7. The market for used cars: new evidence of the lemons phenomenon W. Emons and G. Sheldon
8. Hedonic prices for cars: an application to the Spanish car market, 1981–2005 A. Matas and J. L. Raymond
9. The impact of cell phones on motor vehicle fatalities P. D. Loeb, W. A. Clarke and R. Anderson
10. Latent class model or mixed logit model? A comparison by transport mode choice data J. Shen
Biography
Mark P. Taylor is Dean of Warwick Business School, UK, and is a leading international authority in open economy macroeconomics and international finance. Although interested in broad research subjects, he focuses particularly on empirical work on exchange rates. Amongst his many published works are studies on the presence of nonlinearity in real and nominal exchange rate movements, on the long-run behaviour of real exchange rates, on the nature and effectiveness of official foreign exchange market intervention and on the micro-structural effects of European Central Bank interest rate announcements.
