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Hypercongestion

Kenneth Small () and X. Chu

Working Papers from California Irvine - School of Social Sciences

Abstract: The standard economic model for analyzing tarffic congestion, due to A.A. Walters, incorporates a relationship between speed and traffic flow. Empirical measurements indicate a region, known as hypercongestion, in which speed increase with flow. We argue that this relationship is unsuitable as a supply curve for equilibrium analysis because hyperongestion occurs as a response to transient demand fluctuations.

Keywords: TRANSPORT; EXTERNALITIES (search for similar items in EconPapers)
JEL-codes: C61 H23 R41 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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