The Economics of Urban Transportation by Kenneth A. Small and Erik T. Verhoef explores the economic aspects of urban transportation systems. The book is structured into seven chapters, covering topics such as travel demand, costs, pricing, investment, and the industrial organization of transportation providers. Chapter 1 introduces the main themes of the book. Chapter 2 discusses travel demand, including aggregate and disaggregate models, methods of estimation, and examples of different types of transportation choices. It also covers value of time and reliability. Chapter 3 examines the costs of transportation, including public transit, highway travel, and intermodal cost comparisons. Chapter 4 focuses on pricing strategies, including congestion pricing, parking pricing, and public transit pricing. Chapter 5 discusses investment in transportation infrastructure, including capacity choice and cost-benefit analysis. Chapter 6 analyzes the industrial organization of transportation providers, including private highways, regulated roads, and privately provided transit services. Chapter 7 concludes with emerging themes and implications for transportation research. The book also includes notes, references, and an index. The authors provide a comprehensive overview of the economic principles underlying urban transportation systems, emphasizing the importance of modeling, cost analysis, and pricing strategies in shaping efficient and effective transportation policies. The book is a valuable resource for researchers, policymakers, and practitioners in the field of transportation economics.The Economics of Urban Transportation by Kenneth A. Small and Erik T. Verhoef explores the economic aspects of urban transportation systems. The book is structured into seven chapters, covering topics such as travel demand, costs, pricing, investment, and the industrial organization of transportation providers. Chapter 1 introduces the main themes of the book. Chapter 2 discusses travel demand, including aggregate and disaggregate models, methods of estimation, and examples of different types of transportation choices. It also covers value of time and reliability. Chapter 3 examines the costs of transportation, including public transit, highway travel, and intermodal cost comparisons. Chapter 4 focuses on pricing strategies, including congestion pricing, parking pricing, and public transit pricing. Chapter 5 discusses investment in transportation infrastructure, including capacity choice and cost-benefit analysis. Chapter 6 analyzes the industrial organization of transportation providers, including private highways, regulated roads, and privately provided transit services. Chapter 7 concludes with emerging themes and implications for transportation research. The book also includes notes, references, and an index. The authors provide a comprehensive overview of the economic principles underlying urban transportation systems, emphasizing the importance of modeling, cost analysis, and pricing strategies in shaping efficient and effective transportation policies. The book is a valuable resource for researchers, policymakers, and practitioners in the field of transportation economics.