Information And Usage Of Free-Access Congestible Facilities
We investigate the effect of information on participation and time of use decisions in a free access congestible facility subject to fluctuations in capacity and demand. Expected welfare is greater with perfect than with zero information, while optimal design capacity is greater if and only if demand elasticity is greater than one. Imperfect information can reduce welfare by inducing concentration in the arrival times of users at the facility. This suggests that information dissemination schemes such as advanced traveler information systems for automobile travel should be designed and implemented with care.
Year of publication: |
1993-12
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Authors: | Arnott, Richard ; Palma, Andre De ; Lindsey, Robin |
Institutions: | Department of Economics, Boston College |
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