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This paper analyzes third-degree price discrimination of a monopoly airline in the presence of congestion externality …
Persistent link: https://www.econbiz.de/10013045506
When drivers opt for carpooling, road capacity will be freed up, and this will reduce congestion. Therefore, carpooling … is interesting for policy makers as a possible solution to congestion. We investigate the effects of carpooling in a … dynamic equilibrium model of congestion, which captures various dimensions of heterogeneity: heterogeneity in preference for …
Persistent link: https://www.econbiz.de/10012916716
Motivated by the promising performance of alternative estimation methods for mixed logit models, in this paper we derive, implement, and test expectation-maximization (EM) and minorization-maximization (MM) algorithms to estimate the semiparametric logit mixed logit (LML) and mixture-of-normals...
Persistent link: https://www.econbiz.de/10012922663
This paper clarifies issues debated by A.C. Pigou and Frank Knight about correcting inefficient use of congestible resources. Instead of government-imposed Pigouvian access fees, Knight favored access fees set by private toll-setters. For concreteness we use the original example of commuters...
Persistent link: https://www.econbiz.de/10012934261
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