The standard economic model for analyzing tarffic congestion, due to A.A. Walters, incorporates a relationship between speed and traffic flow. Empirical measurements indicate a region, known as hypercongestion, in which speed increase with flow. We argue that this relationship is unsuitable as a supply curve for equilibrium analysis because hyperongestion occurs as a response to transient demand fluctuations.
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|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.|
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