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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...
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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
We consider dynamic congestion in an urban setting where trip origins are spatially distributed. All travelers must pass through a downtown bottleneck in order to reach their destination in the CBD. Each traveler chooses departure time to maximize general concave scheduling utility. We find...
Persistent link: https://www.econbiz.de/10010577766
We formulate a family of direct utility functions for the consumption of a differentiated good. This is used to generate a family of demand systems with flexible substitution patterns. Demand models for market shares can be estimated by regression enabling the use of instrumental variables....
Persistent link: https://www.econbiz.de/10011168470
We analyze 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,...
Persistent link: https://www.econbiz.de/10011052807
We consider dynamic congestion in an urban setting where trip origins are spatially distributed. All travelers must pass through a downtown bottleneck in order to reach their destination in the CBD. Each traveler chooses departure time to maximize general concave scheduling utility. We find...
Persistent link: https://www.econbiz.de/10011107266
This note summarizes the results from the project SURPRICE: Trip timing and scheduling preferences. The general emphasis of this project is the importance of trip timing as a cause of congestion. It is important to recognize that departure time is a choice of travellers and that congestion...
Persistent link: https://www.econbiz.de/10010899694