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A new paradigm for transport economists has been established: revenues of a welfare-maximising road tax should be employed to reduce the level of a distortionary income tax. An essential assumption to reach this conclusion is that the number of workdays is optimally chosen, whereas daily...
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as the switchers ́lowered VOT will increase their bottleneck-congestion externality. When the capacity effect dominates …
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This paper presents a dynamic model of road traffic congestion based on simple carfollowing theory, allowing for finite …’s dynamic model of bottleneck congestion. Therefore, the model presented here offers an integration and a generalization of …
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