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This paper develops a continuous-time - continuous-place economic model of road traffic congestion with a bottleneck …, based on car-following theory. The model integrates two archetype congestion technologies used in the economics literature …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey …
Persistent link: https://www.econbiz.de/10014106720
We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set the same...
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We study road supply by competing firms between a single origin and destination. In previous studies, firms simultaneously set their tolls and capacities while taking the actions of the others as given in a Nash fashion. Then, under some widely used technical assumptions, firms set a...
Persistent link: https://www.econbiz.de/10011386470
Persistent link: https://www.econbiz.de/10012239911
pricingschemes bestudied from the perspective of the theory of the second best. Thesecomplications include pricing in networks …
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