The Economics of Congestion: a Comment
Congestion is a subject of considerable importance, particularly in outdoor recreation. This article comments on a recent review of the literature on the economics of congestion. The purpose of this article is to formally distinguish between the subjective and objective effects of crowding and thereby develop a more general model for analysis of the optimal size of facilities subject to congestion. Optimal capacit will depend not only on the increased time costs associated with crowding but also individual preferences for crowding. The effect is expected to vary for both individuals and activities.
Year of publication: |
1981
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Authors: | Menz, Fredric C. ; Mullen, John K. |
Published in: |
Public Finance Review. - Vol. 9.1981, 1, p. 107-116
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Saved in:
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