Transportation, Economics and Location Theory


The lectures begin by presenting key elements of economic analysis adapted to transportation economics. Lectures will be devoted to demand analysis, costs analysis, introduction to the concept of externalities, market analysis related to transport, location theory and urban economics. Then the student will be exposed to the major theories used in transportation, in environmental economics and in urban economics. The course will address practical issues, such that the construction of consistent transport models and the pro- and the con- of road pricing including the study of alternatives to road pricing (such as mobility right). Finally, some discussion will be devoted to the competition and the regulation in the transport sector and to the ongoing revolution in the mobility sector (such as the autonomous car or Big Data). Examples will be borrowed from the areas of transport, energy, or urban utilities.


1. What about transportation economics? Urbanization, regional models (core-periphery)?, Transportation, and Land Use over the world. Analytical urban models and large-scale LUTI models UrbanSim: 27/1/2016
2. Demand analysis I: Theory of discrete choice models (D. McFadden, M.  Ben-Akiva, K. Small, K. Train, C. Bhat) 3/2/2016
3. Demand analysis II: Application to mode choice and automobile ownership with collective models) with Sophie Dantan 10/2/2016
4. Location theory, H. Hotelling, Salop, Thisse. Pricing policies.  Emergence of central space (T. Smith, Y. Papageorgiou, Starret). Agglomeration effects: I  17/2/2016
5. Introduction to Transport Economics. Static models: one route, 2 route, general network. The 4-stage approach. 2/3/2016 
6. Dynamic models (W. Vickrey) I: private transportation –analytical and METROPOLIS for large networks. Treatment of Uncertainty. 9/3/2016
7. Dynamic models II: Public transportation, scheduling, H. Mohring effects, congestion effects. Pricing of public transport : study of the 2015 reform in Ile-de-France. Competition between transport modes.  Aviation example. 16/03/2016
8. Policy analysis I: Cost-benefit analysis. Tiebout hypothesis, Henry Georges theorem, fiscal federalism. Measure of compensation, 23/3/16
9. Policy analysis II: EU legislation, opening markets, no discrimination national foreign.  Externalities (air pollution, noise, accidents, wear and tear of roads). Subsidy of rail, freight, trucks,  30/3/2016
10. Transportation paradoxes (Braess, Pigou Knight, Downs-Thomson). (R. Lindsey), 6/4/2016
11. Part I: Road pricing: Theory and practice, public and political constraints on pricing from international focus (Canada and France). Part II: Issues related to climate change: effects of climate change on transportation infrastructure. (R. Lindsey), 13/4/2016.
12. Presentation of the students. 20/4/2016


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