Showing 1 - 7 of 7
This paper studies the effects of pre-trip information on route-choice decisions when travel conditions are congested and stochastic. We adopt a model based on the classical two-route network in which free-flow travel times and/or capacities on each route vary unpredictably due to such shocks as...
Persistent link: https://www.econbiz.de/10010907089
This paper studies the effects of pre-trip information on route-choice decisions when travel conditions on two alternative congestible routes vary unpredictably. It presents and discusses an experiment designed to test a model recently proposed in a companion paper by Lindsey et al. (2013). That...
Persistent link: https://www.econbiz.de/10010931629
Persistent link: https://www.econbiz.de/10005191487
This paper investigates the optimal location and pricing of a park-and-ride (P&R) facility in a linear city. Residences are uniformly distributed from the center to the exogenous city boundary, and all trips are from home to the center. A congestible highway and a congestion-free railway can be...
Persistent link: https://www.econbiz.de/10005191624
This paper studies maintenance and tolling decisions by two competing private operators of roads that experience depreciation and congestion. Duopoly generally results in higher social costs not only than in the first-best optimum but also the second-best optimum in which roads can be maintained...
Persistent link: https://www.econbiz.de/10005191814
Nonlinear pricing (a form of second-degree price discrimination) is widely used in transportation and other industries but it has been largely overlooked in the road-pricing literature. This paper explores the incentives for a profit-maximizing toll-road operator to adopt some simple nonlinear...
Persistent link: https://www.econbiz.de/10008868420
Demand and capacity fluctuations are common for roads and other congestible facilities. With ongoing advances in pricing technology and ways of communicating information to prospective users, state-dependent congestion pricing is becoming practical. But it is still rare or nonexistent in many...
Persistent link: https://www.econbiz.de/10011065532