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Transportation researchers have long struggled to find satisfactory ways ofdescribing and analysing traffic congestion … congestion on an isolatedroad under stationary conditions. We set up the supply-demand framework usedto characterize equilibrium …
Persistent link: https://www.econbiz.de/10011302617
various complications that make simple textbook congestionpricingmodels of limited relevance, and dictate that congestion …
Persistent link: https://www.econbiz.de/10011304387
Truck-only lanes and tollways have been promoted as a way to combat road congestion, enhance safety and reduce pavement …, the congestion delay and safety hazards that each type of vehicle imposes, values of travel time for cars and trucks, and …
Persistent link: https://www.econbiz.de/10005328295
matter agree that where there is significant congestion on highways, the price should not be zero. …
Persistent link: https://www.econbiz.de/10008484426
The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are … large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the … impact of their own actions on the magnitude of congestion tolls. When large agents are confronted with tolls derived under …
Persistent link: https://www.econbiz.de/10011377567
In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full …
Persistent link: https://www.econbiz.de/10011382488
The recent literature on congestion pricing with large agents contains a remarkable inconsistency: though agents are … large enough to recognize self-imposed congestion and exert market power over prices, they do not take into account the … impact of their own actions on the magnitude of congestion tolls. When large agents are confronted with tolls derived under …
Persistent link: https://www.econbiz.de/10014210600
In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full …
Persistent link: https://www.econbiz.de/10014188626
In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full …
Persistent link: https://www.econbiz.de/10013107739
This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...
Persistent link: https://www.econbiz.de/10009792215