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The merits of separating cars and trucks have long been debated. Potential advantages include smoother traffic flows, lower accident rates, improved air quality and reduced maintenance and road infrastructure costs. Large trucks are often banned from urban roads and restricted to certain lanes...
Persistent link: https://www.econbiz.de/10013169821
This paper investigates the existence and uniqueness of equilibrium in the Vickrey bottleneck model when each user controls a positive fraction of total traffic. Users simultaneously choose departure schedules for their vehicle fleets. Each user internalizes the congestion cost that each of its...
Persistent link: https://www.econbiz.de/10013051674
In recent years there has been a surge of interest in private toll roads as an alternative to public free-access road infrastructure. Private toll roads have gained favour for a variety of reasons, including theirpotential to alleviate traffic congestion, shrinking public funds for road...
Persistent link: https://www.econbiz.de/10010337323
This paper investigates the existence and uniqueness of equilibrium in the Vickrey bottleneck model when each user controls a positive fraction of total traffic. Users simultaneously choose departure schedules for their vehicle fleets. Each user internalizes the congestion cost that each of its...
Persistent link: https://www.econbiz.de/10010370659
Persistent link: https://www.econbiz.de/10008771819
In many downtown areas, privately operated parking garages compete with each other and with publicly operated curbside parking. Garages exercise market power by charging fees that vary with parking duration. Curbside space is scarce, and drivers have to search for it. This creates a congestion...
Persistent link: https://www.econbiz.de/10011499395
For several decades growth of traffic volumes has outstrippedinvestments inroad infrastructure. The result has been a relentless increase intrafficcongestion. This paper reviews the economic principles behindcongestionpricing in static and dynamic settings, which derive from thebenefits...
Persistent link: https://www.econbiz.de/10011304387
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
In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full optimum. This is also the case in Vickrey's (1969) 'bottleneck model'. To date, the closest approximations of this ideal in practice have so-called 'step tolls', in which the toll...
Persistent link: https://www.econbiz.de/10011382488
Persistent link: https://www.econbiz.de/10011963321