relationship between congestion and the optimal second-best policy, on the one hand, and congestion and the long run growth rate …

to agglomeration economies and a higher cost of the publicly provided good due to congestion. It is shown that …

with congestion. It is shown that the optimal amount of governmental input diminishes with uncertainty and that the optimal … deterministic congestion models, but also on the degree of risk aversion. …

-Douglas production, the congestion technology can be shown to be crucial for the analysis of efficiency in the decentralized equilibrium …. Assuming decreasing marginal congestion, efficiency in the non-cooperative equilibrium is determined alone by the production … and congestion elasticities. In contrast, factor prices such as the level of the wage rigidity and corresponding …