This study explores the economic mechanisms behind the decline of a surface transportation network, based on the assumption that the decline phase is a spontaneous process driven by decentralized decisions of individual travelers and privatized links. A simulation model is developed with a degeneration process by which the weakest link is removed iteratively from the network. Experiments reveal how the economic efficiency of a network evolves during the degeneration process and suggest an 'optimal' degenerated network could be derived during the decline phase in terms of maximizing total social welfare. Keywords: decline, transportation network, degeneration, welfare, accessibility
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Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number
200803.
Length: Date of creation: 2007 Date of revision: Publication status: Published in Transportation Research part E 44 100-113, doi:10.1016/j.tre.2006.09.001 Handle: RePEc:nex:wpaper:weakestlink
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