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We study the duopolistic interaction between congestible facilities that supply perfect substitutes. Firms are assumed to make sequential decisions on capacities and prices. Since the outcomes directly affect consumers’ time cost of accessing or using a facility, the capacity sharing rule...
Persistent link: https://www.econbiz.de/10011130925
Consider two firms, at different locations, supplying a homogenous good at constant marginal production cost. Consumers incur travel costs to the firm for each unit purchased, and the travel costs increase with the amount of travel to each firm (congestion). When all traffic and all congestion...
Persistent link: https://www.econbiz.de/10011131092
The standard economic model for analyzing traffic congestion, due to A.A. Walters, incorporates a relationship between speed and traffic flow. Empirical measurements indicate a region, known as hypercongestion, in which speed increases with flow. We argue that this relationship is unsuitable as...
Persistent link: https://www.econbiz.de/10010817780
We explore the properties of various types of public and private pricing on a congested road network, with heterogeneous users and allowing for elastic demand. Heterogeneity is represented by a continuum of values of time. The network allows us to model certain features of real-world...
Persistent link: https://www.econbiz.de/10010676932
The first issue of ACCESS seems to have been well received, so we're pleased to continue these summaries of our research. Paralleling the spurt of work on new transportation technology, there's been renewed attention to institutional means for improving the nation's transport system. We focus...
Persistent link: https://www.econbiz.de/10010677030
This project conceptually and empirically explores the complex relationship between congestion and accessibility. While congestion alters individual access to opportunities, its effects vary significantly across people, places, and time - variations that remain relatively understudied. This...
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