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This paper discusses the formulation of crowding in public transport and its implications for pricing, seating capacity and optimal scheduling. An analytical model is used to describe the user equilibrium and the optimal equilibrium for different stylized conditions. For the one OD pair case...
Persistent link: https://www.econbiz.de/10011118041
Limited consumer attention limits product market competition: prices are stochastically lower the more attention is paid. Ads compete to be the lowest price with other ads from the same sector and they compete for attention with ads from other sectors: equilibrium sector ad shares under free...
Persistent link: https://www.econbiz.de/10005000441
This paper presents a multi-purpose tool to assess transport investments in congestible facilities. The model can handle any combination of passenger and freight transport modes in a simplified network. Within each mode, there can be competing operators. It is calibrated to a given traffic...
Persistent link: https://www.econbiz.de/10008488161
We introduce a framework that has known models of oligopolistic competition with differentiated products (the circle and the constant elasticity of substitution (CES)) as limit cases. This integrative approach incorporates both localized and global competition, as well as price-sensitive...
Persistent link: https://www.econbiz.de/10005504717
This paper examines the problems of peak period traffic congestion and the analysis of alternative congestion relief methods. It presents a dynamic model of the queues and delays at a single point of traffic congestion because there is ample evidence to suggest that the major delays to users...
Persistent link: https://www.econbiz.de/10005279946