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In this paper, we study the economics of parking provision for the morning commute, where all the parking lots are owned and operated by private operators. The parking capacity allocations, parking fees and access times are considered in a parking market. First we solve the parking market...
Persistent link: https://www.econbiz.de/10009292592
This paper presents an alternative approach to internalize congestion externality during the morning commute. We consider a linear freeway with multiple on-ramps and a downstream bottleneck and commuters accessing the freeway via different on-ramps try to arrive at work on time. Rather than...
Persistent link: https://www.econbiz.de/10008868990
The fundamental diagram, as the graphical representation of the relationships among traffic flow, speed, and density, has been the foundation of traffic flow theory and transportation engineering. Seventy-five years after the seminal Greenshields model, a variety of models have been proposed to...
Persistent link: https://www.econbiz.de/10009146027