A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand

Richard Arnott, André de Palma () and Charles Lindsey ()

American Economic Review, 1993, vol. 83, issue 1, 161-79

Abstract: This paper considers the modeling of road congestion subject to peak-load demand. The standard model contains ambiguities and is poorly specified. These problems can be eliminated by working with a structural model that explicitly treats the congestion technology and drivers' behavioral decisions. The paper provides a detailed analysis of a particular structural model--William Vickrey' s model of bottleneck congestion in the morning rush-hour auto commute extended to treat elastic (i.e., price-sensitive) demand--and examin es some economic implications of the structural approach. Copyright 1993 by American Economic Association.

Date: 1993
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