This paper extends an earlier paper by the authors ("Maintenance and congestion pricing with competing roads" presented at ERSA 2005) by introducing two user groups: heavy and light vehicles (viz. trucks and cars). This extension is important since heavy vehicles generate higher congestion and...

There is a growing interest in using the discrete choice approach to study oligopolistic competition under product differentiation, and a prominent discrete choic model is the multinomial logit. Here we analyze various aspects of the logit in this context. We first show that the predictions of...

Thie paper proves the existence of a symmetric equilibrium with multiproduct firms using a nested logit model of demand. The demand model is parametrized by two variable which characterize different dimensions of preference variety. These reflect intragroup heterogeneity and intergropu...

) and Shaked and Sutton (1982). Finally, despite the fact that the equilibrium concept is open-loop, all but the introductory price of the high quality good converge to marginal cost in the limit as firms can change prices arbitrarily frequently.

This paper develops a semiparametric methodology for the evaluation of the distribution of the value of travel time savings (VTTS) from binary choice data. Fosgerau (2004) deals with the case of just one time component. This paper extends to the case of several time components. The methodology...