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A proposal has been made to build a new tunnel under the Scheldt river near the centre of Antwerp in order to relieve traffic congestion on the ring road and in an existing tunnel. The new tunnel is expected to cost more than €1 billion, and tolls have been suggested to help finance...
Persistent link: https://www.econbiz.de/10005503907
This paper extends an earlier paper by the authors ("Maintenance and congestion pricing with competing roads" presented at ERSA 2005) by introducing two user groups: heavy and light vehicles (viz. trucks and cars). This extension is important since heavy vehicles generate higher congestion and...
Persistent link: https://www.econbiz.de/10005747720
Thie paper proves the existence of a symmetric equilibrium with multiproduct firms using a nested logit model of demand. The demand model is parametrized by two variable which characterize different dimensions of preference variety. These reflect intragroup heterogeneity and intergropu...
Persistent link: https://www.econbiz.de/10005588726
This paper develops a dynamic model of peak period traffic congestion that considers a limited number of bottlenecks. The model predicts the temporal distribution of traffic volumes with an elastic demand model. The choice of route and mode are dependent on travel times and costs. The choice of...
Persistent link: https://www.econbiz.de/10005653001
This paper has two objectives. First, we present the logit model of discrete consumer choice and apply it to an oligopoly model of product differentiation. Second, we reconsider the question of monopolistic competition and optimal product diversity. The model suggests that when the market...
Persistent link: https://www.econbiz.de/10005653275
We review the literature on household decision-making in economics as well as in transportation and urban economics. This literature starts with Gary Becker in Economics, 30 years ago, and has recently been introduced to study specific questions related to space. We consider two examples:...
Persistent link: https://www.econbiz.de/10010718596
Uncertainty about usage conditions is common in many congestible facilities. In this paper, the authors consider the effects of providing information to prospective users under three regimes: free access, nonresponsive congestion tolling, and responsive tolling based on current information. With...
Persistent link: https://www.econbiz.de/10005466923