Second-best congestion pricing schemes in the monocentric city
Article Abstract:
The second-best congestion pricing the monocentric city with endogenous residential density and endogenous labor supply is studied taking into consideration the three way interactions between urban density, traffic congestion and labor supply. The analyses suggest that the relative welfare losses from second-best pricing compared to first best pricing are unexpectedly small.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 2005
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A behavioural model of traffic congestion endogenizing speed choice, traffic safety and time losses
Article Abstract:
A behavioural model of traffic congestion is developed in which drivers optimize their speeds by trading off time costs, expected accident costs and fuel costs. The overall welfare optimum in the model is found to be off the speed-flow function, and off the average and marginal cost functions derived from it in the conventional approach.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 2004
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The economics of airport congestion pricing
Article Abstract:
A model for airport congestion pricing is invented, which takes into account various features of the aviation market. A simple two-point connection is mathematically analyzed, which exposes the variations in the impact of welfare tolls under different given situations.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 2004
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