Transport, Welfare and Externalities

Journal Data

TypeSOURCE_BOOK
PublisherElgar Publishing, Incorporated, Edward
ISBN-139781849803519
Open LibraryOL16148674W
Total publications2
Coverage period2009 - 2010
LanguageEN

This book discusses a paradigm shift for dealing with the internalization of external costs in transport. Crucial to the analysis is the insight that the polluters are not the only cost drivers; both pollutees and the state can also contribute to reducing social costs. The authors show that applying the Cheapest Cost Avoider Principle (CCAP) instead of the Polluter Pays Principle (PPP) can lead to substantial welfare improvements.