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Ride-hailing applications create new challenges for governments providing transit services, but also create new opportunities to raise tax revenue. To shed light on the effect of taxing or subsidizing ride-hailing applications, we extend a pseudo-monocentric city model to include multiple...
Persistent link: https://www.econbiz.de/10014228577
The theory of road pricing developed for single links suggests time andlocation varying charges equal to the marginal congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to implement. Cordon tolls are feasible, and their...
Persistent link: https://www.econbiz.de/10011400380
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/10011302138
Transportation researchers have long struggled to find satisfactory ways ofdescribing and analysing traffic congestion, as evident from the large numberof often competing approaches and models that have been developed. This paperaims to provide a review of the literature on this topic. The paper...
Persistent link: https://www.econbiz.de/10011302617
This paper develops a continuous-time -continuous-place economic model of road trafficcongestion with a bottleneck …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …. In a setting with endogenous departure timechoice and with a bottleneck along the route, it is shown that …
Persistent link: https://www.econbiz.de/10011326950
Persistent link: https://www.econbiz.de/10001778189
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...
Persistent link: https://www.econbiz.de/10011334350
Persistent link: https://www.econbiz.de/10010378828
This study investigates airport pricing and capacity investment when passengers face schedule and congestion delays. Two countries' airports are served by each country's home carrier. Airports choose their charges on a per-flight and/or per-passenger basis. Carriers choose both quantities and...
Persistent link: https://www.econbiz.de/10012859719
This paper investigates the individual agent's incentive for setting Transmission Congestion Contract (TCC) magnitudes and its consequences in a POOLCO model of electric power market. TCCs do not completely solve the externality problem in an electric power market. Specifically, a TCC can have a...
Persistent link: https://www.econbiz.de/10014213959