Showing 1 - 10 of 19
This discussion paper resulted in a publication in the 'Review of Network Economics' (forthcoming).<P> Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has...</p>
Persistent link: https://www.econbiz.de/10011256629
dominated by a single firm. Unlike much of the previous literature, we combine a dynamic (bottleneck) model of congestion and a … interacts with a competitive fringe, charging 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 …
Persistent link: https://www.econbiz.de/10011255589
. 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 …
Persistent link: https://www.econbiz.de/10011255724
We derive and discuss a general, but simple geographical economics model with congestion, allowing us to explain the …
Persistent link: https://www.econbiz.de/10011255730
, 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 …
Persistent link: https://www.econbiz.de/10011255871
-277.<P> 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 …
Persistent link: https://www.econbiz.de/10011255935
This paper analyzes the effects of price differentiation and discrimination by a monopolistic transport operator, which sets fares in a congestible network. Using three models, with different spatial structures, we describe the operator’s optimal strategies in an unregulated market, a market...
Persistent link: https://www.econbiz.de/10011261932
We derive and discuss a general, but simple geographical economics model with congestion, allowing us to explain the …
Persistent link: https://www.econbiz.de/10005795569
In this paper we study how congestion and residential moving behaviour are interrelated using a two-region job search …. This choice affects the external costs of commuting due to congestion. The welfare maximizing road tax is derived. We … demonstrate that road pricing may not only reduce congestion but also increase total residential moving costs in the economy. One …
Persistent link: https://www.econbiz.de/10005136915
This paper develops a continuous-time -continuous-place economic model of road traffic congestion with a bottleneck …, based on car-following theory. The model integrates two archetype congestion technologies used in the economics literature …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey …
Persistent link: https://www.econbiz.de/10005137224