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

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. …

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 …

objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we …

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 …

. The latter are also used in a numerical simulation model. We consider second-best cases where only a subset of links in a … for most of the cases of interest, which can be used in an applied network model as a substitute for the conventional …

objectives (welfare of its own citizens) and two policy instruments (toll and capacity) available. Using a simulation model, we …

. The paper develops a small network model, with endogenous car-ownership, in order to study these questions both from an …

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