Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113790
Authors: 
Arnott, Richard J.
Kokoza, Anatolii
Naji, Mehdi
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5465
Abstract: 
For a quarter century, a top priority in transportation economic theory has been to develop models of rush-hour traffic dynamics that incorporate traffic jams (hypercongestion). The difficulty has been that “proper” models result in mathematical intractabilty, while none of the proposed approximating models has gained general acceptance. This paper takes a different tack, focusing on a particular proper model in which commuters decide when to travel so as to minimize a trip cost function that is linear in travel time and schedule delay (the so-called á-â-ã variant of the bottleneck model). Solutions of all the model variants entail departure/arrival masses.
Subjects: 
equilibrium
rush hour
traffic congestion
JEL: 
L91
R41
Document Type: 
Working Paper

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