Road Traffic Congestion and Public Information: An Experimental Investigation
AbstractThis paper reports laboratory experiments designed to study the impact of public information about past departure rates on congestion levels and travel costs. Our design is based on a discrete version of Arnott et al.'s (1990) bottleneck model. In all treatments, congestion occurs and the observed travel costs are quite similar to the predicted ones. Subjects' capacity to coordinate is not affected by the availability of public information on past departure rates, by the number of drivers or by the relative cost of delay. This seemingly absence of treatment effects is confirmed by our finding that a parameter-free reinforcement learning model best characterises individual behaviour. © 2008 LSE and the University of Bath
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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): 42 (2008)
Issue (Month): 1 (January)
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Web page: http://www.bath.ac.uk/e-journals/jtep
Other versions of this item:
- Anthony Ziegelmeyer & Frédéric Koessler & Kene Boun My & Laurent Denant-Boèmont, 2007. "Road Traffic Congestion and Public Information: An Experimental Investigation," THEMA Working Papers 2007-05, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Kene Boun My & Laurent Denant-Boèmont & Frédéric Koessler & Marc Willinger & Anthony Ziegelmeyer, 2006. "Road Traffic Congestion and Public Information: An Experimental Investigation," Papers on Strategic Interaction 2006-20, Max Planck Institute of Economics, Strategic Interaction Group.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
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