Showing 1 - 10 of 19
This paper considers a congested bottleneck. A fast lane reserves a more than proportional share of capacity to a … the bottleneck and inelastic demand. It can replicate the arrival schedule and queueing outcomes of a toll that optimally …
Persistent link: https://www.econbiz.de/10011108791
This paper presents a model of urban traffic congestion that allows for hypercongestion. Hypercongestion has … fundamental importance for the costs of congestion and the effect of policies such as road pricing, transit provision and traffic …
Persistent link: https://www.econbiz.de/10011206879
We seek to better understand the scheduling of activities in time through a dynamic model of commuting with congestion … endogenously due to concave preferences and temporal agglomeration economies. Equilibrium exists uniquely and is indistinguishable … from that of a generalized version of the classical Vickrey bottleneck model, based on exogenous trip-timing preferences …
Persistent link: https://www.econbiz.de/10010959991
We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is...
Persistent link: https://www.econbiz.de/10011259396
with random capacity and demand, such as an airport or an urban road. Congestion is described in the form of a dynamic … queue using the Vickrey bottleneck model and assuming Nash equilibrium in arrival times. The paper shows that the expected …
Persistent link: https://www.econbiz.de/10005260220
The rationale for congestion charges is that by internalising the marginal external congestion cost, they restore … efficiency in the transport market. In the canonical model underlying this view, congestion is a static phenomenon, users are … taken to be homogenous, there is no travel time risk, and a highly stylised model of congestion is used. The simple analysis …
Persistent link: https://www.econbiz.de/10010867310
described as queuing behind a bottleneck whose capacity declines when the queue is large. We combine such a variable …-capacity bottleneck with Vickrey scheduling preferences for the special case, where there are only two possible levels of capacity …
Persistent link: https://www.econbiz.de/10010666196
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely random queue. We define the key "no residual queue" property, which...
Persistent link: https://www.econbiz.de/10008493025
I analyse congestion costs in the Vickrey bottleneck model of a congestible facility with a peak load in demand. The … by Arnott, de Palma and Lindsey, I derive the expected marginal and total congestion costs and compare to the case with …
Persistent link: https://www.econbiz.de/10005620088
We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is...
Persistent link: https://www.econbiz.de/10010736916