This paper considers the impact of random delays during a repeatedly occurring demand peak in a congested facility, such as an airport or an urban road. Congestion is described in the form of a dynamic queue using the Vickrey bottleneck model and assuming Nash equilibrium in departure times. Every period an incident may occur at a random time, temporarily reducing the bottleneck capacity to zero. The paper gives some properties of Nash equilibrium and the social optimum as well as a pretty good welfare improving tolling scheme.
|Title of host publication||Kuhmo Nectar Conference and Summer School on Transportation Economics|
|Publication status||Published - 2010|
|Event||Kuhmo Nectar Conference and Summer School on Transportation Economics 2010 - Valencia, Spain|
Duration: 5 Jul 2010 → 9 Jul 2010
|Conference||Kuhmo Nectar Conference and Summer School on Transportation Economics 2010|
|Period||05/07/2010 → 09/07/2010|