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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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with random capacity and demand, such as an airport or an urban road. Congestion is described in the form of a dynamic …
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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 …
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Engineering studies demonstrate that traffic in dense downtown areas obeys a stable functional relationship between average speed and density, including a region of ‘hypercongestion’, where flow decreases with density. This situation can be described as queuing behind a bottleneck whose...
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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...
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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 …
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