Skip to main content
Kent Academic Repository

History of transport pricing

Vickerman, Roger (2023) History of transport pricing. In: Tirachini, Alejandro and Horcher, Daniel and Verhoef, Erik, eds. Handbook on Transport Pricing and Financing. Research Handbooks in Transport Studies . Edward Elgar, UK, pp. 9-23. ISBN 978-1-80037-554-3. E-ISBN 978-1-80037-555-0. (doi:10.4337/9781800375550.00007) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:101364)

PDF Publisher pdf
Language: English

Restricted to Repository staff only
Contact us about this Publication
[thumbnail of 9781800375550-book-part-9781800375550-7.pdf]
Official URL:


In this chapter, we highlight some of the major themes that have run through the works of successive generations of economists as they have sought to reconcile the theoretical firstbest solution with the practicalities of fixing prices that are both efficient and acceptable, not least in the context of the politics of transport policy. The chapter does not set out to provide a comprehensive bibliography of the subject, nor to give a detailed review of the implementation of pricing by transport operators or public authorities, but rather to provide a framework for understanding both the historical and analytical developments which are covered in detail in subsequent chapters. We start with a brief timeline of historical developments in Section 1.2. Section 1.3 then deals with the development of pricing in practice. Section 1.4 looks specifically at the core question of paying for roads and congestion pricing. Section 1.5 examines the role of the public sector in meeting public service obligations and in regulation. Section 1.6 explores issues in implementing ideal prices before Section 1.7 offers some concluding thoughts.

Item Type: Book section
DOI/Identification number: 10.4337/9781800375550.00007
Uncontrolled keywords: Transport pricing, utility; welfare economics; marginal cost pricing; external costs; price discrimination; regulation
Subjects: H Social Sciences > HE Transportation and Communications
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Roger Vickerman
Date Deposited: 22 May 2023 11:08 UTC
Last Modified: 23 May 2023 08:55 UTC
Resource URI: (The current URI for this page, for reference purposes)

University of Kent Author Information

  • Depositors only (login required):

Total unique views for this document in KAR since July 2020. For more details click on the image.