A Stochastic Model of Congestion Caused by Speed Differences
AbstractThe authors study interaction on a two-lane road between the trips of two types of drivers who differ by their desired speeds. The difference in desired speeds causes congestion, because slow vehicles force fast vehicles to reduce their speed. Results for this type of congestion with respect to tolling are very different from those of the classic Pigou-Knight model, where the marginal external costs are an increasing function of the number of road users. In our model we find the opposite result: the marginal external costs of slow vehicles are a decreasing function of the number of slow vehicles. This leads to rather different policy recommendations. © The London School of Economics and the University of Bath 2002
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Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.
Volume (Year): 36 (2002)
Issue (Month): 3 (September)
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Web page: http://www.bath.ac.uk/e-journals/jtep
Other versions of this item:
- Jan Rouwendal & Erik T. Verhoef & Piet Rietveld & Bert Zwart, 2000. "A Stochastic Model of Congestion caused by Speed Differences," Tinbergen Institute Discussion Papers 00-091/3, Tinbergen Institute.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Erik Verhoef & Jan Rouwendal & Piet Rietveld, 1997.
"Congestion caused by Speed Differences,"
Tinbergen Institute Discussion Papers
97-105/3, Tinbergen Institute.
- Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1993. "A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand," American Economic Review, American Economic Association, vol. 83(1), pages 161-79, March.
- de Palma, André & Kilani, Moez & Lindsey, Robin, 2008. "The merits of separating cars and trucks," Journal of Urban Economics, Elsevier, vol. 64(2), pages 340-361, September.
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THEMA Working Papers
2007-13, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Cameron Hepburn, 2006. "Regulation by Prices, Quantities, or Both: A Review of Instrument Choice," Oxford Review of Economic Policy, Oxford University Press, vol. 22(2), pages 226-247, Summer.
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