AbstractThe standard economic model for analysing traffic congestion 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 a supply curve for equilibrium analysis because observed hypercongestion occurs as a response to transient demand fluctuations. We then present tractable models for handling such fluctuations, both for a straight uniform highway and for a dense street network such as in a central business district (CBD). For the CBD model, we consider both exogenous and endogenous time patterns for demand, and we make use of an empirical speed-density relationship for Dallas, Texas, to characterise hypercongested conditions. The CBD model is adaptable to any situation where accumulation of work to be processed becomes such a hindrance as to reduce outflow. © The London School of Economics and the University of Bath 2003
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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): 37 (2003)
Issue (Month): 3 (September)
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Web page: http://www.bath.ac.uk/e-journals/jtep
Other versions of this item:
- Small, Kenneth A. & Chu, Xuehao, 2000. "Hypercongestion," University of California Transportation Center, Working Papers qt3nn3733q, University of California Transportation Center.
- Small, K.A. & Chu, X., 1997. "Hypercongestion," Papers 97-98-12, California Irvine - School of Social Sciences.
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
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