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We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...
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The paper describes a spatial economic agent-based model (ABM), consistent with the principles of new economic geography (NEG), which allows the discrete-time evolutionary simulation of complex interactions of household and firm location choices. In contrast with the current ABM approaches, it...
Persistent link: https://www.econbiz.de/10012198579
Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and...
Persistent link: https://www.econbiz.de/10011513907
The purpose of the presentation is to analyze the labor market effects of a congestion charge when commuters have continuously distributed value of time. Since a congestion charge raises the cost of commuting to work, it can decrease employment at the extensive margin in a similar way as an...
Persistent link: https://www.econbiz.de/10011563808
This paper analyzes how different user groups are affected by changes to the present congestion pricing scheme in Stockholm. The Stockholm congestion pricing scheme has shown that pricing of transport systems can reduce congestion and increase accessibility in the city centre. The pricing scheme...
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