Traffic jams occur even without bottlenecks, simply because of interaction of vehicles on the road. From a driver’s point of view, the instability of the traffic flow arises stochastically. Because the probability of a traffic jam increases with the number of cars on the road, there is a traffic flow breakdown externality. This paper offers a method to calculate this externality for traffic on a circuit. Ignoring the stochastic nature of traffic flow breakdowns results in congestion charges that are too small.


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    Titel :

    Economic implications of phantom traffic jams: evidence from traffic experiments


    Beteiligte:
    Goldmann, Kathrin (Autor:in) / Sieg, Gernot (Autor:in)

    Erschienen in:

    Transportation Letters ; 12 , 6 ; 386-390


    Erscheinungsdatum :

    2020-07-02


    Format / Umfang :

    5 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Unbekannt




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