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This paper explores the relationship between aggregate and relative congestion, returns to scale and economic growth. Aggregate congestion reduces the effective productivity of capital; relative congestion reduces the effective productivity of labour. Both forms of congestion adversely affect...
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The first-in, first-out (FIFO) queue discipline respects the order of arrival but is not efficient when customers have heterogeneous waiting costs. Priority queues, in which customers with higher waiting costs are served before customers with lower waiting costs, are more efficient but usually...
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One of the important unresolved questions on the analysis of urban traffic congestion deals with urban congestion penalty versus advantage. This research with examine whether larger cities experience disproportionately greater traffic congestion by using data available from Tom Tom for 164...
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This paper explores the relationship between aggregate and relative congestion, returns to scale and economic growth. Aggregate congestion reduces the effective productivity of capital; relative congestion reduces the effective productivity of labour. Both forms of congestion adversely affect...
Persistent link: https://www.econbiz.de/10014143523
In 2000, the average driver in US metropolitan areas endured 27 hours of traffic delays, a rise from 7 hours in 1980. In many other countries, traffic delays are considerably worse than in the United States, and in developing countries urban traffic congestion is increasing with alarming...
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