1. What are the implications for demand in the short and long r
... to the journey, air pollution and its resulting effects upon both human health and the environment, noise pollution effecting property value in areas surrounding busy roads, and the costs of traffic law enforcement. Initially the under pricing of road transport was beneficial to the motor vehicle industry due to the economics of scale at the time, encouraging private ... increase the value of the land; similarly existing property will increase in value with improved road accessibility. Undercharging for the use of road transport increases the individual benefit obtained by commuting from ...
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- Approx Pages: 7
- Grade Level: Graduate