Abstract The theory of congestion tolls, in particular, the traffic jam, is developed. A dynamic model of traffic flow is presented that describes the formation and development of the traffic jam based on the theory of kinematic waves. I demonstrate the dynamic externality present when traffic is jammed. Furthermore, I obtained some results that differ from those based on the conventional approach: (a) the cost curve for travel on a long road does not include the backward-bending section that appears in the conventional approach; (b) I allow for traffic jams during optimal use of road.
Traffic jams and the congestion toll
Transportation Research Part B: Methodological ; 28 , 5 ; 365-375
28.02.1994
11 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Traffic jams and the congestion toll
Online Contents | 1994
|Congestion Pricing: Reducing Traffic Jams Through Economics
Online Contents | 1996
|