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This paper studies some of the properties and fundamentals of static models of road traffic congestion that have triggered much debate in the literature. The first part of the paper focuses in particular on the difficulties arising with the backward-bending cost curve in the context of...
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between congestion tolls and highway capacity in the long run. This study breaks new ground in the economic theory of optimal …
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The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying … traditional bottleneck model to analyse how the coarse charge can be differentiated over two groups of travellers assuming …
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surplus) in each regime is measured relative to the efficiency gain derived from applying first-best optimal tolls on both …
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