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A Model of Rush-Hour Traffic in an Isotropic Downtown Area

Arnott, Richard J.; Kokoza, Anatolii; Naji, Mehdi - 2015

For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that “proper” models result in mathematical intractabilty, while none of the proposed...

Persistent link: https://www.econbiz.de/10011307126

The Political Economy of Cordon Tolls

De Borger, Bruno; Russo, Antonio - 2015

This paper studies the political economy of cordon tolls, the most common form of road pricing in cities. We consider a monocentric city inhabited by renters and resident-landowners. A cordon toll raises the rental price of land within the cordon, and it reduces rents outside this area. Hence,...

Persistent link: https://www.econbiz.de/10011388228

TransNIEMO: Economic Impact Analysis Using a Model of Consistent Interregional Economic and Network Equilibria

Cho, JoongKoo; Gordon, Peter; II, James E. Moore; Pan, … - 2014

We describe a model that integrates a multi-regional input-output model of the U.S. (50 states and the District of Columbia) with the national highway network. Interstate commodity shipments are placed on a congestible highway network. Simulations of major choke-point disruptions redirect...

Persistent link: https://www.econbiz.de/10010333399

Ease vs. Noise: On the Conflicting Effects of Transportation Infrastructure

Ahlfeldt, Gabriel; Nitsch, Volker; Wendland, Nicolai - 2016

methods to disentangle the offsetting noise and accessibility effects of one technology of mass transit, metro rail, analyzing … land price effects of the opening of the first German electrified metro rail line in Berlin in 1902. Examining a long ]run … underground as opposed to elevated rail lines is therefore stronger today than a century ago. …

Persistent link: https://www.econbiz.de/10011555500

Rush hours and urbanization

Seidel, Tobias; Wickerath, Jan - 2019

We use a spatial general equilibrium model with potential commuting of workers between their place of work and their place of residence to analyze the effects of rush hours on the spatial allocation of employment and population, average labor productivity and the housing market. Abolishing...

Persistent link: https://www.econbiz.de/10012018278

Welfare Losses of Road Congestion

Russo, Antonio; Adler, Martin W.; Liberini, Federica; … - 2019

We estimate the marginal external congestion cost of motor-vehicle travel for Rome, Italy, using a methodology that accounts for hypercongestion (a situation where congestion decreases a road’s throughput). We show that the external cost – even when roads are not hypercongested – is...

Persistent link: https://www.econbiz.de/10012052799

The Congestion Relief Benefit of Public Transit: Evidence from Rome

Adler, Martin W.; Liberini, Federica; Russo, Antonio; … - 2019

We estimate the effect of public transport supply on travel times of motor-vehicle and bus users in Rome, Italy. We apply a quasi-experimental methodology exploiting hourly information on public transport service reductions during strikes. We find that a 10 percent reduction in public transit...

Persistent link: https://www.econbiz.de/10012052804

Formative Experiences and the Price of Gasoline

Severen, Christopher; van Benthem, Arthur A. - 2019

An individual’s initial experiences with a common good, such as gasoline, can shape their behavior for decades. We first show that the 1979 oil crisis had a persistent negative effect on the likelihood that individuals that came of driving age during this time drove to work in the year 2000...

Persistent link: https://www.econbiz.de/10012052863

When the Market Drives you Crazy: Stock Market Returns and Fatal Car Accidents

Giulietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018

The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This pa-per provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...

Persistent link: https://www.econbiz.de/10011931932

The stability of downtown parking and traffic congestion

Arnott, Richard J.; Inci, Eren - 2009

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Walters. classic paper, there has...

Persistent link: https://www.econbiz.de/10010264538