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When cost-benefit analysis fails to account for peak-shifting the benefits of road improvement options are miscalculated. Using theory from transportation economics, we derive a simple model that disaggregates the average daily equilibrium into peak, counter-peak, and off-peak equilibria. This...
Persistent link: https://www.econbiz.de/10009652045
congestion. New South Wales has taken a first step in adopting time-of-day pricing on the Harbour Bridge and Harbour Tunnel. In …
Persistent link: https://www.econbiz.de/10010729083
traffic congestion on the ring road and in an existing tunnel. The new tunnel is expected to cost more than €1 billion, and …
Persistent link: https://www.econbiz.de/10005503907
on congestion levels and travel costs. Our experimental design isbased on a discrete version of Arnott, de Palma, and … delay. In all treatments, congestion occurs and the observed totaltravel costs match the predicted ones. In other words …
Persistent link: https://www.econbiz.de/10005866696
on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and … relative cost of delay. In all treatments, congestion occurs and the observed total travel costs match the predicted ones. In …
Persistent link: https://www.econbiz.de/10005252195
on congestion levels and travel costs. Our experimental design is based on a discrete version of Arnott, de Palma, and … relative cost of delay. In all treatments, congestion occurs and the observed travel costs are quite similar to the predicted … coordination failures in our congestion situation do not become more severe when the number of drivers increases. …
Persistent link: https://www.econbiz.de/10005523779
congestion process in some countries. For checking it, we utilize a Barro and Sala i Martin endogenous growth model which … the speed of convergence but generates congestion in some countries. These spatial variables also affect the aggregate … supply, and hence the price and output levels. Key words: transportation, regional growth, convergence, congestion. JEL Class …
Persistent link: https://www.econbiz.de/10011318883
We explore the properties of various types of public and private pricing on acongested road network with heterogeneous users and allowing for elasticdemand. Heterogeneity is represented by a continuum of values of time. Thenetwork consists of both serial and parallel links, which allows us to...
Persistent link: https://www.econbiz.de/10010324676
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 …
Persistent link: https://www.econbiz.de/10010324757
, based on car-following theory. The model integrates twoarchetype congestion technologies used in the economics literature …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …
Persistent link: https://www.econbiz.de/10010324868