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This paper analyzes the possibilities to relieve congestion using rewards instead of taxes, as well as combinations of rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic demand, a fine (time-varying) reward is equivalent...
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practical limit to the degree of differentiation real world mplementations can handle. The traditional approach to accommodate …
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way that is consistent with economic theory. The model is used to consider situations in which one route or mode cannot be …
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Conventional economic models of traffic congestion assume that therelation between road use and speed is a technical one. In this paper wederive the speed-flow relationship from more fundamental considerationsconcerning driving behaviour. We develop a structural model in which driverschoose...
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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 …
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Conventional hedonic analysis measures willingness to pay for attributes on the basis of marginal fixed costs. We argue that in many cases variable costs are also affected by these attributes and that this should be taken into account. We develop a simple model to show that the marginal...
Persistent link: https://www.econbiz.de/10011382696