Verhoef, Erik T. - Tinbergen Institute - 2002
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 …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey …