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We present a simulation model designed to determine the impact on congestion of policies for dealing with travel time uncertainty. The model combines a supply side model of congestion delay with a discrete choice econometric demand model that predicts scheduling choices for morning commute...
Persistent link: https://www.econbiz.de/10010843175
Basic to several key issues in current urban economic theory and public policy is a presumption that local imbalances between employment and residential sites strongly influence people's commuting patterns. We examine this presumption by finding the commuting pattern for the Los Angeles region...
Persistent link: https://www.econbiz.de/10010817738
The economic theory behind congestion pricing relies on using the revenues to help compensate highway users. But can practical methods of using revenues come close to achieving this compensation, and still have salient appeal to important political groups? This paper investigates the...
Persistent link: https://www.econbiz.de/10010817754
Driven by problems of traffic congestion, U.S. policy toward urban highways has lurched over several decades from highway building to high-occupancy-vehicle lanes to travel demand management. Yet congestion has worsened, and there is scant evidence that these policies have had any appreciable...
Persistent link: https://www.econbiz.de/10010817755
The economic theory behind congestion pricing relies on using the revenues to help compensate highway users. But can practical methods of using revenues come close to achieving this compensation, and still have salient appeal to important political groups? This paper investigates the...
Persistent link: https://www.econbiz.de/10010817761
The standard economic model for analyzing traffic congestion, due to A.A. Walters, incorporates a relationship between speed and traffic flow. Empirical measurements indicate a region, known as hypercongestion, in which speed increases with flow. We argue that this relationship is unsuitable as...
Persistent link: https://www.econbiz.de/10010817780
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Persistent link: https://www.econbiz.de/10010817860
A debate over the empirical underpinnings of urban economic models is emerging under the unlikely rubric of "wasteful commuting." Hamilton (1982) shows that a commonly used monocentric model, in which employment and population densities decline exponentially from a center, greatly underpredicts...
Persistent link: https://www.econbiz.de/10010817875
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