David Hensher is Professor of Management, and Founding Director of the Institute of Transport and Logistics Studies (ITLS): The Australian Key Centre of Teaching and Research in Transport Management in The Business School at The University of Sydney. Educated in Kenya (Parklands, Lord Delamere), England (Lindfield, Oxford) and Australia (UNSW), David is a Fellow of the Academy of Social Sciences in Australia (FASSA), Recipient of the 2009 IATBR (International Association of Travel Behaviour Research) Lifetime Achievement Award in recognition for his long-standing and exceptional contribution to IATBR as well as to the wider travel behaviour community, Recipient of the 2006 Engineers Australia Transport Medal for lifelong contribution to transportation, Recipient of the 2009 Bus NSW (Bus and Coach Association) Outstanding Contribution to Industry Award, and Recipient of the 2012 best paper released by the International Association of Maritime Economists (IAME). David is also the recipient of the Smart 2013 Premier Award for Excellence in Supply Chain Management, and recipient of the 2014 Institute of Transportation Engineers (Australia and New Zealand) Transport Profession Award to an individual who has made a significant contribution to the development of the transport/traffic engineering profession over a sustained period; recipient of 2016 Award for Outstanding Research as part of the inaugural University of Sydney Vice-Chancellor’s Awards for Excellence. A Director of Volvo Educational and Research Foundation Centre of Excellence in Bus Rapid Transit (2010 onwards), Emeritus Member of Singapore Land Transport Authority International Advisory Panel 2007-2010 (Chaired by Minister of Transport), Honorary Fellow Singapore Land Transport Authority Academy, Past President of the International Association of Travel Behaviour Research and a Past Vice-Chair of the International Scientific Committee of the World Conference of Transport Research. David is the Executive Chair and Co-Founder of The International Conference in Competition and Ownership of Land Passenger Transport (the Thredbo Series), now in its 27th year. David is on the editorial boards of 17of the leading transport journals. David was appointed in 1999 by one of the world’s most prestigious academic publishing houses - Elsevier Science press - as series and volume co-editor of a handbook series Handbooks in Transport. In 2010 he was appointed by Routledge Publishers (UK) as Editor of a four-volume major works in Transport Economics as well as Edward Elgar Publishers as Series Editor for volumes on Transport and the Environment. He has published extensively (over 595 papers) in the leading international transport and economics journals (such as The Economic Journal, Review of Economics and Statistics, Journal of Econometrics, Journal of Applied Econometrics, Applied Economics, Empirical Economics, Transportation Research Parts A, B and E) as well as 12 books, and is Australia’s most cited transport academic. He has over 38,000 citations of his contributions in Google Scholar. David is ranked third in the world for economists in the field of discrete choice models, as of July 2016, 7th in the field of Utility Models and Prospect Theory, and ITLS (and the Business School at Sydney) is also ranked third. His books include the Demand for Automobiles, published by North-Holland, the Bus and Coach Business (with Ann Brewer published - Allen and Unwin), Transport: An Economics and Management Perspective (With Ann Brewer – Oxford University Press), Stated Choice Methods (with Jordan Louviere and Joffre Swait – Cambridge University Press), Applied Choice Analysis - a Primer (with John Rose and Bill Greene – Cambridge University Press, 1st and 2nd editions) and Ordered Choice Models (with Bill Greene – Cambridge University Press). His particular interests are transport economics, transport strategy, sustainable transport, productivity measurement, traveller behaviour analysis, choice analysis, stated choice experiments, process heuristics, and institutional reform (PPPs, privatisation tendering and contracting). David has advised numerous government and private sector organisations in many countries on matters related to transportation, especially matters related to forecasting demand for existing and new transportation services; for example the Speedrail high speed rail project, the Liverpool-Parramatta Transitway, the North-West Rail project, West Connex, the Sydney Metro, and numerous toll road projects throughout Australia and internationally. David is regarded as Australia’s most eminent expert on matters relating to travel demand and valuation and transport reform. Appointments include: a member of the executive committee that reviewed bus transport bids for the Olympic Games, the NSW Government’s Peer Review Committee for the Sydney Strategic Transport Plan, Peer reviewer for Transfund (NZ) of the New Zealand project evaluation program, Peer reviewer of the NZ Land Passenger Transport Procurement Strategy for Land Transport NZ, member of the executive committee of ATEC, a consortium promoting a freight rail system between Melbourne and Darwin; economic adviser to Gilbert+Tobin Lawyers on valuation methods in IP context; panel member of Transport NSW benchmarking program; specialist toll road project adviser to Thiess, member of Infrastructure Australia’s reference panel on public transport, Adviser to the West Connex toll road Project, adviser to Deloitte Access Economics and Transport for NSW and peer reviewer for Southern Water (UK) regulatory pricing reform. In 2014 David was appointed as a Panel Member to Review The Faculty of Management at The University of Johannesburg and in 2016 to review the Department of Management Sciences at the City University of Hong Kong.
As discussed in part one of this series, toll roads have become a commercial proposition in contrast to a network efficiency solution, so what alternative should the government be providing?