objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we …

. The paper develops a small network model, with endogenous car-ownership, in order to study these questions both from an …

discusses three such possible fallacies. It uses a simple numerical model to investigate them. The model shows that the naïve …

This paper develops a continuous-time -continuous-place economic model of road traffic congestion with a bottleneck …, based on car-following theory. The model integrates two archetype congestion technologies used in the economics literature …. Because a closed-form analytical solution of the formal model does not exist, its behaviour is explored using a simulation …

results for two roads and two modes are presented. In the model, trip generation and trip distribution are distinguished in a … way that is consistent with economic theory. The model is used to consider situations in which one route or mode cannot be …

classical Pigou-Knight model where the marginal external costs are an increasing function of the number of road users. In our … model we find the opposite result: the marginal external costs of slow drivers are a decreasing function of the number of … the model. …

A dynamic 'car-following' extension of the conventional economic model of traffic congestion is presented, which … cost function derived from the speed-flow function. When applied to a homogeneous road, the model reproduces the same … stationary state equilibria as the conventional model, including the hypercongested ones. However, stability analysis shows that …

. The latter are also used in a numerical simulation model. We consider second-best cases where only a subset of links in a … for most of the cases of interest, which can be used in an applied network model as a substitute for the conventional …