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THE ECONOMICS OF TRANSPORTATION SYSTEMS: A REFERENCE FOR PRACTITIONERS
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Transportation planners and engineers often feel unfamiliar with economic principles, and some
assume that economics does not apply to their job duties. In practice, most transportation
professionals can regularly employ economic concepts and techniques for decision-making—and
many do, albeit unconsciously. Due to a variety of time and data constraints, many transportation
practitioners’ decision-making processes are not formally documented and emerge via
“engineering judgment.” However casual in nature, the wisdom behind such judgment comes
from past experiences and is rooted in economic considerations and consequences. In fact, many
rules of thumb for transportation investment and policy arose from economic backgrounds.
Dr. Kara Kockelman - Personal Name
T. Donna Chen - Personal Name
Dr. Katie Larsen - Personal Name
Brice Nichols - Personal Name
T. Donna Chen - Personal Name
Dr. Katie Larsen - Personal Name
Brice Nichols - Personal Name
NONE
THE ECONOMICS OF TRANSPORTATION SYSTEMS: A REFERENCE FOR PRACTITIONERS
Economics
English
2013
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