Congestion in the bathtub

Research output: Contribution to journalJournal articlepeer-review

This paper presents a model of urban traffic congestion that allows for hypercongestion. Hypercongestion has fundamental importance for the costs of congestion and the effect of policies such as road pricing, transit provision and traffic management, treated in the paper. In the simplest version of the model, the unregulated Nash equilibrium is also the social optimum among a wide range of potential outcomes and any reasonable road pricing scheme will be welfare decreasing. Large welfare gains can be achieved through road pricing when there is hypercongestion and travelers are heterogeneous.

Original languageEnglish
JournalEconomics of Transportation
Volume4
Issue number4
Pages (from-to)241-255
Number of pages15
ISSN2212-0122
DOIs
Publication statusPublished - 1 Dec 2015

    Research areas

  • Bathtub, Bottleneck, Congestion, Dynamic, Traffic, Urban

ID: 181871482