Showing 1 - 7 of 7
Probing a die-hard traffic congestion controversy, this paper scrutinizes two key variables, density and flow, under equilibrium versus optimal states.
Persistent link: https://www.econbiz.de/10005780855
The authors explore the properties of various types of public and private pricing on a congested road network with heterogenous users allowing for elastic demand. Heterogeneity is reprensented by a continuum of values of time. The network consists of both serial and parallel links, which allows...
Persistent link: https://www.econbiz.de/10005780870
Some road-pricing demonstrations use an approach called "value-pricing", in which travelers can choose between a free but congested roadway. Recent research has uncovered a potentially serious problem for such demonstrations: in certain models, second-best tolls are far lower than those...
Persistent link: https://www.econbiz.de/10005780885
The standard economic model for analyzing tarffic congestion, due to A.A. Walters, incorporates a relationship between speed and traffic flow. Empirical measurements indicate a region, known as hypercongestion, in which speed increase with flow. We argue that this relationship is unsuitable as a...
Persistent link: https://www.econbiz.de/10005486837
We present a simulation model designed to determine the impact on congestion of policies for dealing with non-recurrent congestion (i.e. travel time uncertainty).
Persistent link: https://www.econbiz.de/10005486855
This chapter describes how transportation demand is analyzed and what has been learned from doing so. We first present a selection of the most important transportation demand models, with an emphasis on disaggregate models because they have generally been the most successful in capturing...
Persistent link: https://www.econbiz.de/10005207752
Urban transportation involves imprtant nonlinearities in two ways: in its purpose and in its form of provision. Under such conditions, there is ample room for market failures and it is not surpising that public intervention plays a heavy role. But public policy failures are common too, and many...
Persistent link: https://www.econbiz.de/10005641195