The paper presents a polycentric general equilibrium model with congestion externalities and distortionary labor …

classical Pigou-Knight model where the marginal external costs are an increasing function of the number of road users. In our … model we find the opposite result: the marginal external costs of slow drivers are a decreasing function of the number of … the model. …

, to be dramaticallyunderestimated. Product differentiation produces some unexpecteddistributional effects, including the …

This paper develops a continuous-time -continuous-place economic model of road trafficcongestion with a bottleneck …, based on car-following theory. The model integrates twoarchetype congestion technologies used in the economics literature … a closed-form analytical solution of the formal model does not exist, itsbehaviour is explored using a simulation model …

. Thepaper develops a small network model, with endogenous car-ownership, in order to study thesequestions both from an …

A dynamic 'car-following' extension of the conventional economic model of traffic congestion is presented, which … cost function derived from the speed-flow function. When applied to a homogeneous road, the model reproduces the same … stationary state equilibria as the conventional model, including the hypercongested ones. However, stability analysis shows that …

results for two roads and two modes are presented. In the model, trip generation and trip distribution are distinguished in a … way that is consistent with economic theory. The model is used to consider situations in which one route or mode cannot be …

discusses three such possible fallacies. It uses a simple numerical model to investigate them. The model shows that the naïve …