AbstractIn this paper we optimize the regulation of an intersection of two routes connecting one origin-destination pair and study the effects of priority rules, traffic lights and tolls. We show that when the intersection is regulated by a priority rule the optimal policy is generally to block one of the two routes. When the intersection is regulated by traffic lights, it can only be optimal to leave both routes open when both routes are subject to congestion or if a toll is levied.
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Bibliographic InfoPaper provided by Katholieke Universiteit Leuven, Centrum voor Economische Studiën in its series Center for Economic Studies - Discussion papers with number ces13.17.
Date of creation: Oct 2013
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-11 (All new papers)
- NEP-TRE-2013-10-11 (Transport Economics)
- NEP-URE-2013-10-11 (Urban & Real Estate Economics)
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