, road congestion in the neighborhood (which affects the commuting costs of local residents) depends on the average amount of …

Transportation researchers have long struggled to find satisfactory ways ofdescribing and analysing traffic congestion … congestion on an isolatedroad under stationary conditions. We set up the supply-demand framework usedto characterize equilibrium …

various complications that make simple textbook congestionpricingmodels of limited relevance, and dictate that congestion … pricingschemes bestudied from the perspective of the theory of the second best. Thesecomplications include pricing in networks …

Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …