This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster....

This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster....

The traditional bottleneck model for road congestion promotes the implementation of a triangular, fully time varying, charge as the optimal solution for the road congestion externality. However, cognitive and technological barriers put a practical limit to the degree of differentiation real...

This paper analyzes the possibilities to relieve congestion using rewards instead of taxes, as well as combinations of rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic demand, a fine (time-varying) reward is equivalent...

This paper analyzes the possibilities to relieve congestion using rewards instead of taxes, as well as combinations of rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic demand, a fine (time-varying) reward is equivalent...

This paper provides a link between car following theory and the economic theory of road congestion by means of a theory of speed choice. According to this theory speed choice is based on a trade-off between the benefits (shorter travel time) and cost (higher accident risk) of driving faster....

In this paper, we investigate congestion caused by differences in desired or possible speeds. Especially outside peak hours, speed differences are probably one of the most important reasons for congestion. Although the model setting, with one lane and no overtaking, may seem simple at first...