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Provided is an overview of the Nation's transportation system which identifies future investments required to maintain and develop its infrastructure. The contents of this study were used in support of the National Transportation Policy Statement, issued by the Department of Transportation during March 1990. It is organized around a framework in which transportation is viewed as an integral part of our socioeconomic system. The future development of transportation will be influenced by the same factors affecting the rest of the system, namely, demographic changes, the future course of the economy, the energy supply, and preservation of the environment.
This volume includes many of the most influential and interesting academic articles related to the economics of mobile source pollution control. The papers included explore why vehicles and vehicle markets are unique, provide estimates of the type and magnitude of the social costs of driving and examine estimation methods and estimates of the various elasticities of vehicle demand. Analysis of the social costs and policies to reduce both traditional air pollutants and greenhouse gas emissions are included. Selected articles review the range of evaluation of both regulatory and market-based approaches to controlling emissions. The complexity of the effects of different policies are emphasized and the unintended consequences of regulation are explored in the context of vehicle emissions reduction policies.