The Corridor Problem: Preliminary Results on the No-toll Equilibrium

Consider a traffic corridor that connects a continuum of residential locations to a point central business district, and that is subject to flow congestion. The population density function along the corridor is exogenous, and except for location vehicles are identical. All vehicles travel along the corridor from home to work in the morning rush hour, and have the same work start time but may arrive early. The two compo- nents of costs are travel time costs and schedule delay (time early) costs. Determining equilibrium and optimum traffic flow patterns for this continuous model, and possible extensions, is termed “The Corridor Problemâ€. Equilibria must satisfy the trip-timing condition, that at each location no vehicle can experience a lower trip price by depart- ing at a different time. This paper investigates the no-toll equilibrium of the basic Corridor Problem.