Showing 1 - 7 of 7
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely random queue. We define the key "no residual queue" property, which...
Persistent link: https://www.econbiz.de/10015222537
We consider dynamic congestion in an urban setting where trip origins are spatially distributed. All travelers must pass through a downtown bottleneck in order to reach their destination in the CBD. Each traveler chooses departure time to maximize general concave scheduling utility. We find...
Persistent link: https://www.econbiz.de/10015234399
We analyse Nash equilibrium in time of use of a congested facility. Users are risk averse with general concave utility. Queues are subject to varying degrees of random sorting, ranging from strict queue priority to a completely random queue. We define the key "no residual queue" property, which...
Persistent link: https://www.econbiz.de/10015237147
We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is...
Persistent link: https://www.econbiz.de/10015237863
We formulate a family of direct utility functions for the consumption of a differentiated good. This is used to generate a family of demand systems with flexible substitution patterns. Demand models for market shares can be estimated by regression enabling the use of instrumental variables....
Persistent link: https://www.econbiz.de/10015246319
We formulate a family of direct utility functions for the consumption of a differentiated good. The family is based on a generalization of the Shannon entropy. It includes dual representations of all additive random utility discrete choice models, as well as models in which goods are...
Persistent link: https://www.econbiz.de/10015250953
We formulate a family of direct utility functions for the consumption of a differentiated good. The family is based on a generalization of the Shannon entropy. It includes dual representations of all additive random utility discrete choice models, as well as models in which goods are...
Persistent link: https://www.econbiz.de/10015251262