Congestion in the bathtub

Mogens Fosgerau

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    Abstract

    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
    ISSN2212-0122
    DOIs
    Publication statusPublished - 2015

    Keywords

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

    Projects

    URBAN

    Fosgerau, M., Pilegaard, N., Mulalic, I., Hjorth, K., Mabit, S. E. & Ranjan, A.

    Innovation Fund Denmark

    15/02/201615/02/2020

    Project: Research

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