This paper presents a model of urban traffic congestion that allows for hypercongestion. Hypercongestion has … fundamental importance for the costs of congestion and the effect of policies such as road pricing, transit provision and traffic …

The number of road traffic casualties is still very lofty and the trend shows a boost with each passing day. The road … traffic accidents involve fatalities due to which economic resources are damaged and the productivity of the economy is … correspondingly impaired. Costs resulting from traffic accidents represent the largest single part of the overall cost of traffic to …

The number of road traffic casualties is still very lofty and the trend shows a boost with each passing day. The road … traffic accidents involve fatalities due to which economic resources are damaged and the productivity of the economy is … correspondingly impaired. Costs resulting from traffic accidents represent the largest single part of the overall cost of traffic to …

. Anecdotal evidence suggests that the short-term business environment of transport operators and trading companies has been … extent by the increases in frictional costs. Differences across products are due to varying ratios of transport and insurance … costs to goods-value, divergences in prevailing transport modes, and differing roles in the production process. For example …

We embed a stylized traffic model within a general equilibrium model in which labor supply is endogenous and income … applied knowing only the output of the traffic model and a factor that accounts for the labor market distortion in a … performed based on the output of traffic models. Such analyses are routinely performed and guide the allocation of a large share …

We examine the implications of search unemployment for the evaluation of a transport in-vestment in a conventional cost … benefit analysis (CBA) assuming perfect competition. Lower transport costs induces search over a larger area and longer …-creased transport. The search imperfection drives a wedge between the marginal product of labour and the wage, such that the final …