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Annual School
The aim of the ITEA Annual School is to provide young researchers as well as practitioners with a high-quality introduction to academic research on transportation economics, including many recent advances in the field. The School’s program consists of a series of lectures and tutorials conducted by some of the most prominent researchers in transportation economics.
Program
Monday, June 15, 2026 - Department of Economics
Afternoon:
Welcome & Registration
Session 1: First-best Road Pricing
Coffee Break
Session 2: Urban Public Transportation
Tuesday, June 16, 2026 - Department of Economics
Morning:
Session 3: Second-best Road Pricing
Coffee Break
Session 4: Environmental Economics and Transportation
Lunch Break
Afternoon:
Session 5: Transportation Cost-Benefit Analysis
Coffee Break
Session 6a: Empirical Tutorial/Session 6b: Roundtable Discussions
Evening:
School Evening Event
Wednesday, June 17, 2026
Morning
Session 7: Travel Time Variability
Coffee Break
Session 8: Economics of Airline Networks
Session 1: First-best Road Pricing
Learning Objectives:
Learn how to model first-best road pricing.
Understand static and dynamic model of congestion.
Understand criteria for optimal capacity investment.
Instructor:
Jonathan Hall (University of Alabama, USA)
Personal Website
Jonathan Hall is an applied microeconomist. His research strives to improve urban transportation systems by focusing on three broad themes. First, understanding and addressing traffic congestion. Second, evaluating the impacts of new transportation technologies on cities. Third, improving transportation safety. His research uses a variety of theoretical and empirical methods, including structural and reduced-form approaches, to address these themes. He is chair of the ITEA Scientific Committee.
Session 2: Urban Public Transportation
Learning Objectives:
Gain an understanding of the economics of public transportation.
Learn how to model a transit system by highlighting its main specific features and the interaction between public and private transportation.
Appreciate that some costs are born by operators while other costs are borne by users.
Understand that economies of scale and density can derive both from the production function of the firm and from the costs incurred by riders (“the Mohring effect”).
Learn how to model first-best fares, frequences and network design.
Learn how externalities such as congestion or crowding shape the efficient outcome. Then, the is considered explicitly, both in terms of theory as in simulation/empirics. References to further analyses are discussed throughout.
Instructor:
Leonardo Basso (Universidad de Chile, Chile)
Leo Basso’s research interests are aviation economics, urban transportation, urban economics, industrial economics and antitrust. He has particularly researched on the calculation of efficient subsidies for public transport systems, the importance of dedicated capacity for buses and the distributional and overall urban effects of the transit pricing scheme. He is a member of the Chilean National Academy of Sciences .
Session 3: Urban Public Transportation
Learning Objectives:
modelling of a transit system, highlighting its main specific features: that some costs are born by operators while other costs are borne by users,
understanding the interrelation between the design of the system and its pricing
learn how economies of scale (the Mohring effect) and other externalities (such as congestion or crowding) shape the efficient outcome.
model explicitly the interaction between public and private transport, both in terms of theory and in simulation/empirics.
Instructor:
Erik Verhoef (Vrije Universiteit Amsterdam, The Netherlands)
Erik Verhoef’s research focuses on efficiency and equity aspects of transportation and urban spatial systems. Important research themes include second-best regulation, network- and spatial analysis and methodological development, the tension between efficiency and equity and social acceptability, behavioral modelling, and policy evaluation. He is the current president of ITEA and was a past co-editor in chief of Economics of Transportation.
Session 4: Environmental Economics and Transportation
Learning Objectives:
Learning the distinction between local (air pollution, noise) and global environmental issues (climate) that require different governance and policy instruments.
Learn about static and dynamic abatement and adaptation costs
Appreciate the effects of different policy instruments including taxes, permits, standards, and land use regulation.
Understand the role of international treaties and energy market interactions to address climate issues.
Understand how issues and instruments vary by mode including both surface transportation and aviation.
Instructor:
Stef Proost (KU Leuven, Belgium)
Stef Proost is an emeritus professor of transport, environmental and energy economics at KU Leuven. His recent research focuses on decarbonization of the transportation sector (cars, trucks, aviation, maritime) and the political economy of transportation policies. He has been advising international and national governments on transport, environmental and energy policies.
Session 5: Transportation Cost-Benefit Analysis
Learning Objectives:
Explore the various aspects of Cost-Benefit Analysis (CBA) in the context of evaluating and justifying transportation investments.
Understand technical considerations such as accessibility, the logsum, and the use of consumer surplus as a measure.
Explore how to evaluate the benefits to generated new users.
Appreciate the reliability and robustness of CBA and its overall significance in decision-making.
Understand how issues such as project cost overruns and demand shortfalls present challenges in the evaluation process.
Consider how equity, including equity in travel time savings is treated in CBA.
Reflection on the broader implications and complexities associated with the application of CBA in transport investment decision processes.
Instructor:
Maria Börjesson (VTI - The Swedish National Road and Transport Research Institute and Linköpings Universitet, Sweden)
Maria Börjesson’s research interests include transportation cost-benefit analysis, appraisal and sustainability. Her research has dealt with distribution and equity effects including the role of gender, and the evaluation of non-market aspects of transportation. She has also analyzed policy and pricing for all modes including active mobility and cycling. She is also active in survey design, choice experiments and travel behavioral modeling. She is the immediate past-president of the ITEA.
Session 6 has two variants that participants can choose when registering.
Session 6a: Empirical Tutorial
Learning Objectives:
Engage in introductory exercises focusing on either linear regression or discrete choice models.
Learning to work with either R or STATA.
This tutorial caters to participants seeking experience in estimating linear regression or discrete choice models, as well as those aiming to familiarize themselves with R or STATA.
Instructor:
Stefanie Peer (WU Vienna University of Economics and Business, Austria)
Stefanie Peer is a professor at the Department for Socioeconomics and head of the Research Institute for Spatial and Real Estate Economics at WU Vienna. Her research concerns the mobility and time use behavior of individuals, usually employing quantitative empirical approaches and, in particular, discrete choice models. She heads the ITEA summer school committee.
Session 6b: Roundtable Discussions
Learning Objectives:
Engage in roundtable meetings with one of the instructors at the school.
Delve into discussions about your own research or related topics.
Session 7: Travel Time Variability
Learning Objectives:
Learn about the microeconomic theory underlying the quantification and valuation of travel time variability.
Explore empirical examples that support the theory.
Understand the how the physics of travel flow affects travel time variability.
Instructor:
Mogens Fosgerau (University of Copenhagen, Denmark)
Mogens Fosgerau is a mathematical economist. His research deals with discrete choice theory and practice, travel time variability and scheduling, route choice, traffic congestion, urban form, and the value of travel time. Together with Erik Verhoef, he was founding editor of Economics of Transportation. He is also active in the Danish transport and climate policy debate.
Session 8: Economics of Airline Networks
Learning Objectives:
Understand the implications of hub-and-spoke networks in airlines’ strategic decisions.
Learn how to analyzes the effect of airline partnerships such as alliances, joint ventures and mergers in the presence of network effects.
Learn about the differences when network carriers, regional carriers and low-cost carriers decide to serve new routes either directly or indirectly.
Learn how to analyzes the effects of airport congestion and the optimal design of landing fees to deal with congestion.
Instructor:
Ricardo Flores-Fillol (Universitat Rovira i Virgili, Spain)
Ricardo Flores-Fillol’s research interests are focused on microeconomics, industrial organization, air transportation economics, and urban economics. In particular, he has analyzed the different sources of competition in the airline industry and the phenomenon of airline alliances. He has served as Chair of the Scientific Committee at ITEA and is currently the treasurer of the Association.
The instructors have accepted the offers to teach and specified their topics. However, topics and instructors are subject to change in the event of unexpected instructor illness or travel difficulties.
School Venue
The School will be held at the Department of Economics, located within the University's Economics and Law Campus in Via dei Caniana downtown Bergamo.
The facility offers modern classrooms, dedicated social spaces for lunch and coffee breaks, as well as proximity to restaurants, cafes, and hotels in the city center.
From BERGAMO TRAIN STATION:
The quickest way to reach the school from the Bergamo Train Station is on foot, as shown on the map below. 12 min walking distance to Department of Economics
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From the AIRPORT:
MILAN ORIO AL SERIO
BUS Line 1/AIRPORT: From Bergamo Airport (Milan-Bergamo Airport - Orio al Serio) directly to Stazione - Città Alta 14 min, 2 stops
Milan Bergamo Airport > Orio fr. 56 > Papa Giovanni fer. 2 (Bergamo train station)
12-minute walking distance to Department of Economics - Università degli studi di Bergamo
MILAN MALPENSA
Orio Shuttle from Milan Malpensa - Terminal 1 Door 4 to Milan Orio al Serio Airport 1,45 h, 3 stops
BUS Line 1/AIRPORT: From Bergamo Airport (Milan-Bergamo Airport - Orio al Serio) directly to Stazione - Città Alta 14 min, 2 stops
Milan Bergamo Airport > Orio fr. 56 > Papa Giovanni fer. 2 (Bergamo train station)
12-minute walking distance to Department of Economics - Università degli studi di Bergamo
We can suggest you the shared airport transfer service GoOpti at this link.
BUS TICKET:
You can buy a turist turist ticket valid 72h from validation on whole ATB and TEB network, see at this link or app ATB mobile.
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