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Congestion in the bathtub
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS. Technical University of Denmark, Denmark .
2015 (English)In: Economics of Transportation, ISSN 2212-0122, E-ISSN 2212-0130, Vol. 4, no 4, 241-255 p.Article in journal (Refereed) Published
Abstract [en]

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 management, treated in the paper. In the simplest version of the model, the unregulated Nash equilibrium is also the social optimum among a wide range of potential outcomes and any reasonable road pricing scheme will be welfare decreasing. Large welfare gains can be achieved through road pricing when there is hypercongestion and travelers are heterogeneous.

Place, publisher, year, edition, pages
2015. Vol. 4, no 4, 241-255 p.
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-174634DOI: 10.1016/j.ecotra.2015.08.001ISI: 000366331400005Scopus ID: 2-s2.0-84941253519OAI: oai:DiVA.org:kth-174634DiVA: diva2:875964
Note

QC 20151202

Available from: 2015-12-02 Created: 2015-10-07 Last updated: 2017-12-01Bibliographically approved

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