A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand.
This paper considers the modeling of road congestion subject to peak-load demand. The standard model contains ambiguities and is poorly specified. These problems can be eliminated by working with a structural model that explicitly treats the congestion technology and drivers' behavioral decisions. The paper provides a detailed analysis of a particular structural model--William Vickrey' s model of bottleneck congestion in the morning rush-hour auto commute extended to treat elastic (i.e., price-sensitive) demand--and examin es some economic implications of the structural approach. Copyright 1993 by American Economic Association.
Year of publication: |
1993
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Authors: | Arnott, Richard ; de Palma, Andre ; Lindsey, Robin |
Published in: |
American Economic Review. - American Economic Association - AEA. - Vol. 83.1993, 1, p. 161-79
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Publisher: |
American Economic Association - AEA |
Saved in:
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