Topics

The theory of production

Definitions of technical, cost and allocative efficiency

How time is divided in economics

How transport costs behave in the short and long runs

Returns to scale and economies of scale in the transport industries

The relevance of production costs to the supply of transport services

Case: Study in rail efficiency

Case: Modal costs comparisons

Case: The importance of AC in the business model of LCA

Case: The economies of scale and reform in the railway sector

Exercises

Presentation

Readings