Highway Economics

Highway economics studies the financial aspects of building, maintaining, and using highways. It examines costs like construction, repairs, and impacts on the environment and local economies. This field looks at funding methods, such as taxes and tolls, as well as the benefits highways bring, like faster transport and economic growth. Highway economics also considers traffic patterns, user behavior, and long-term sustainability. Overall, it helps policymakers make informed decisions about transportation infrastructure to improve efficiency and promote economic development while managing public funds effectively.