Stella & Rose's Books

Contents

• Acknowledgements
• Foreword
• Introduction
• Part I THE FRAMEWORK
• 1 The Shortcomings of Some Simple Solutions to the Transport Problem
• 1.1 Simple solutions to the road problem
• 1.2 Simple solutions to the rail problem
• 1.3 Summary
• 2 The Policy of a Public Enterprise
• 2.1 Marginal cost pricing
• 2.2 Postwar experience
• 2.3 Present alternatives
• 3 The Basis for an Economic Solution
• 3.1 Rent, surplus and economic interest
• 3.2 Profit Maximization
• 3.3 Other 'commercial' policies
• 3.4 The social surplus criterion
• PART II THE RAIL PROBLEM
• 4 Railway Costs and Charges: Profit Maximization
• 4.1 Costs
• 4.2 Charging
• 4.3 Deficit charging policy
• 5 Railway Investment: Profit Maximization
• 5.1 The modernization plan
• 5.2 The explanation of the shortcomings of the plan
• 5.3 The evaluation of risk
• 5.4 The rate of interest
• 6 The Consumers' Surplus Criterion for Railways
• 6.1 Definition of the criterion: benefits
• 6.2 Definition of the criterion: costs
• 6.3 Charging
• 6.4 Invesment
• 6.5 Summary
• 7 Regulation and Subsidy
• 7.1 Regulations and restrictions
• 7.2 Taxes
• 7.3 Supply of finance
• 7.4 Subsidization and cross-subsidization
• PART III THE ROAD PROBLEM
• 8 The Road Programme
• 8.1 The conflict of interest
• 8.2 Recent developments
• 8.3 Present policy: the grant system
• 8.4 Present policy: investment
• 8.5 Criteria
• 8.6 Summary
• 9 The Costs of the Road System
• 9.1 Assets
• 9.2 The road-users
• 9.3 The identification of costs
• 10 Charging for the Use of the Road System
• 10.1 Attribution of costs for charging
• 10.2 Methods of charging: consumers' surplus maximization
• 10.3 Methods of charging: profit maximization
• 10.4 Rationing the use of the road system
• 10.5 Summary
• 11 The Consumers' Surplus Criterion for Investment in Roads
• 11.1 The London-Birmingham motorway
• 11.2 Some comparisons between criteria
• 11.3 Improving the criterion used
• 11.4 Conclusion
• PART IV THE TRANSPORT PROBLEM
• 12 Competition and Coordination
• 12.1 The competitive solution
• 12.2 Coordination
• 12.3 Coordination of investment
• 13 Summary of conclusions