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This paper considers second-best pricing as it arises through incomplete coverage of full networks. The main principles are first reviewed by considering the classic two-route problem and some extensions that have been studied more recently. In most of these studies the competing routes are...
Persistent link: https://www.econbiz.de/10010325058
congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates …
Persistent link: https://www.econbiz.de/10011340839
In downtown areas, what proportion of curbside should be allocated to parking? In contrast to most previous work on the economics of parking, this paper focuses on optimal curbside parking capacity in both first-best (where pricing is efficient) and second-best (where pricing is inefficient)...
Persistent link: https://www.econbiz.de/10010291495
take her own car will inflict a congestion cost on all travellers. To get the travellers to internalise these external … costs, a congestion charge has to be imposed. We derive an optimal congestion charge within in a discrete-choice framework …, with a benevolent government maximising expected tax-adjusted social surplus. The congestion charge to be imposed on …
Persistent link: https://www.econbiz.de/10010285587
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Ride-hailing applications create new challenges for governments providing transit services, but also create new opportunities to raise tax revenue. To shed light on the effect of taxing or subsidizing ride-hailing applications, we extend a pseudo-monocentric city model to include multiple...
Persistent link: https://www.econbiz.de/10014290223
For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that “proper” models result in mathematical intractabilty, while none of the proposed...
Persistent link: https://www.econbiz.de/10011307126
We analyze the welfare effects of part-day teleworking on road traffic congestion in the context of Vickrey's dynamic … times at work for equipped drivers and, due to congestion externalities, affects travel costs of all drivers. We show that …
Persistent link: https://www.econbiz.de/10010326438
This paper describes a Wardropian traffic flow model integrated with a search model for paid parking. The occupancy rate influences the probability of finding on-street (curbside) or off-street (garage) parking spaces. We formulate the model as a mixed complementarity problem, which has the...
Persistent link: https://www.econbiz.de/10011753300