This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster....

We study interaction between the trips of two types of drivers on a two-lane road who differ by their desired speeds. The difference in desired speeds causes congestion, because slow drivers force fast drivers to reduce their speed. An interesting aspect of this type of congestion is that...

In this paper, we investigate congestion caused by differences in desired or possible speeds. Especially outside peak hours, speed differences are probably one of the most important reasons for congestion. Although the model setting, with one lane and no overtaking, may seem simple at first...

This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster....

Conventional economic models of traffic congestion assume that therelation between road use and speed is a technical one. In this paper wederive the speed-flow relationship from more fundamental considerationsconcerning driving behaviour. We develop a structural model in which driverschoose...

This paper explores the interrelations between pricing, capacity choice and financingin transportation networks. It builds on the famous Mohring-Harwitz result on self-financing ofoptimally designed roads under optimal congestion pricing, and specifically investigates itsins and outs in a...

This paper considers second-best pricing as it arises through incomplete coverage of full networks. The main principles are first reviewed by considering the classic two-route problem and some extensions that have been studied more recently. In most of these studies the competing routes are...

This paper analyzes the possibilities to relieve congestion using rewards instead of taxes, as well as combinations of rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic demand, a fine (time-varying) reward is equivalent...