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This paper studies some of the properties and fundamentals of static models of road traffic congestion that have triggered much debate in the literature. The first part of the paper focuses in particular on the difficulties arising with the backward-bending cost curve in the context of...
Persistent link: https://www.econbiz.de/10010338461
The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying … traditional bottleneck model to analyse how the coarse charge can be differentiated over two groups of travellers assuming …
Persistent link: https://www.econbiz.de/10011381994
surplus) in each regime is measured relative to the efficiency gain derived from applying first-best optimal tolls on both …
Persistent link: https://www.econbiz.de/10010337323
pricingschemes bestudied from the perspective of the theory of the second best. Thesecomplications include pricing in networks …
Persistent link: https://www.econbiz.de/10011304387
Highway construction occurs nowadays mainly through widening of existing roads rather than building new roads. This paper documents that highway widenings considerably reduce congestion in the short run, defined here as 6 years. Using longitudinal microdata from highway detector loops in the...
Persistent link: https://www.econbiz.de/10012817015
Persistent link: https://www.econbiz.de/10014314708
auctions regime approaches this end-state more rapidly: tolls are set equal to their second-best zero-profit levels immediately …
Persistent link: https://www.econbiz.de/10011373827
This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory … of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time … elaborating this relationship a number of car-following models can be derived fromthis theory of speed choice. Wit homogeneous …
Persistent link: https://www.econbiz.de/10011327845
This paper studies the regulation of an airline duopoly on a congested airport. Regulation should then address two market failures: uninternalized congestion, and overpricing due to market power. We find that first-best charges are differentiated over airlines if asymmetric, and completely drive...
Persistent link: https://www.econbiz.de/10011374411
Recent empirical work has suggested that there is an important distinction between short-run versus long-run scheduling behaviour of commuters, reflected in differences in values of time and schedule delays, as well as in preferred arrival moments, for the short-run versus the long-run problem....
Persistent link: https://www.econbiz.de/10011715858