Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85661
Authors: 
Verhoef, Erik
Year of Publication: 
1997
Series/Report no.: 
Tinbergen Institute Discussion Paper 97-028/3
Abstract: 
In this paper, a dynamic model of road traffic congestion is presented, with an elastic overall demand for morning peak road usage, and with the congestion technology used being 'flow congestion'. It is demonstrated that in such a case, the optimal time-varying toll should include a 'flat', time-invariant component when road users share the same desired arrival time. This has important consequences for the design of optimal toll schemes in reality, because it implies that optimal tolls cannot be set if the regulator has no information on the road users' desired arrival times.
Document Type: 
Working Paper

Files in This Item:
File
Size
107.75 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.