. The difference in desired speeds causes congestion, because slow drivers force fast drivers to reduce their speed. An … interesting aspect of this type of congestion is that results with respect to tolling are very different from those of the …

Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …

, based on car-following theory. The model integrates twoarchetype congestion technologies used in the economics literature …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …

In this paper we study how congestion and residential movingbehaviour are interrelated using a two-region job search …. This choice affects the external costs ofcommuting due to congestion. The welfare maximizing road tax is derived ….We demonstrate that road pricing may not only reduce congestion but alsoincrease total residential moving costs in the economy. One …

We derive and discuss a general, but simple geographical economics model with congestion, allowing us to explain the …

literature, we combine a dynamic (bottleneck) model of congestion and a vertical structure model that explicitly considers the … congestion toll that is derived for fully atomistic carriers to both leader and fringe yields the first-best outcome. This holds … regardless of the leader's internalization of congestion in the unregulated equilibrium, and regardless of the assumed demand …

agglomeration externalities. We extend this model by introducing a traffic congestion externality. We show that congestion induces a … interplay between these externalities is then demonstrated, as reduced congestion leads to commercial concentration and …