IDEAS home Printed from https://ideas.repec.org/a/tpe/jtecpo/v36y2002i3p407-445.html

A Stochastic Model of Congestion Caused by Speed Differences

Author

Listed:
  • Jan Rouwendal
  • Erik Verhoef
  • Piet Rietveld
  • Bert Zwart

Abstract

The 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

Suggested Citation

  • Jan Rouwendal & Erik Verhoef & Piet Rietveld & Bert Zwart, 2002. "A Stochastic Model of Congestion Caused by Speed Differences," Journal of Transport Economics and Policy, University of Bath, vol. 36(3), pages 407-445, September.
    • Handle: RePEc:tpe:jtecpo:v:36:y:2002:i:3:p:407-445
    as

    Download full text from publisher

    File URL: http://www.catchword.com/cgi-bin/cgi?ini=bc&body=linker&reqidx=0022-5258(20020901)36:3L.407;1-
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or

    for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tscharaktschiew, Stefan & Reimann, Felix, 2023. "The economics of speed choice and control in the presence of driverless vehicle cruising and parking-as-a-substitute-for-cruising," Transportation Research Part B: Methodological, Elsevier, vol. 178(C).
    2. Jan Rouwendal, 2002. "Speed Choice, Car Following Theory and Congestion Tolling," Tinbergen Institute Discussion Papers 02-102/3, Tinbergen Institute.
    3. Andre De Palma & Moez Kilani & Robin Lindsey, 2006. "The Economics of Truck Toll Lanes," ERSA conference papers ersa06p896, European Regional Science Association.
    4. Cameron Hepburn, 2006. "Regulation by Prices, Quantities, or Both: A Review of Instrument Choice," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(2), pages 226-247, Summer.
    5. 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.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:36:y:2002:i:3:p:407-445. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: http://www.bath.ac.uk/e-journals/jtep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.