Abstract
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.
Original language | English |
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Title of host publication | Kuhmo Nectar Conference and Summer School on Transportation Economics |
Publication date | 2010 |
Publication status | Published - 2010 |
Event | Kuhmo Nectar Conference and Summer School on Transportation Economics 2010 - Valencia, Spain Duration: 5 Jul 2010 → 9 Jul 2010 http://www.adeit.uv.es/kuhmonectar2010/ |
Conference
Conference | Kuhmo Nectar Conference and Summer School on Transportation Economics 2010 |
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Country/Territory | Spain |
City | Valencia |
Period | 05/07/2010 → 09/07/2010 |
Internet address |