Properly functioning markets efficiently allocate resources. Such markets must reflect certain principles, including consumer options, cost-based pricing, and economic neutrality. Transportation markets often violate these principles. This report examines these distortions and their implications for transport planning.
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Type
General Knowledge
Author
Todd Litman
Organization
Victoria Transport Policy Institute (VTPI)
Published in
2006
Submitted by
Olim Latipov
Related theme(s)
Finances & Economics
Region
All Regions
Country
International