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Pt. I Setting the Scene 1
1 The History of Transport in Europe 3
2 The Importance of Transport in the UK and Europe 21
Pt. II The Theory of Markets: An Overview 33
3 The Demand for Transport 35
4 Markets, Costs and Revenues 67
5 Competition and Contestability 91
6 Monopoly 103
7 Monopolistic Competition 125
8 Oligopoly 137
Pt. III Market Failure in the Transport Sector: An Overview 149
9 Externalities 151
10 Public and Demerit Goods 167
11 Inequality, Poverty and Asymmetric Information 177
Pt. IV Policy: An Overview 183
12 Privatisation and Deregulation 185
13 Project Appraisal: Cost-Benefit Analysis 211
14 Transport Investment 225
15 General Forms of Government Intervention 231
16 Tackling Traffic Congestion 249
Pt. V The Future 277
17 Concluding Remarks 279
Mathematical Appendix 283
Bibliography 297
Index 305
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