EconPapers    
Economics at your fingertips  
 

Vickrey meets Alonso: Commute scheduling and congestion in a monocentric city

Mogens Fosgerau (), Jinwon Kim () and Abhishek Ranjan

Journal of Urban Economics, 2018, vol. 105, issue C, 40-53

Abstract: This paper studies the interaction between dynamic traffic congestion and urban spatial equilibrium, using a model that is a straight unification of the Vickrey (1969) bottleneck congestion model and the Alonso (1964) monocentric city model. In a monocentric city with a bottleneck at the entrance to the CBD, residents choose their commute departure time jointly with residential location and housing consumption. Commuters arrive at the bottleneck in sequence sorted by residential location, so that more distant residents arrive later. The socially optimal toll makes central residents commute earlier in the morning than they would without the toll, which in turn induces a city that is less dense in the center and more dense further out. This is the opposite effect of what is found in models with static congestion.

Keywords: Congestion; Toll; Land use; Bottleneck model; Monocentric model (search for similar items in EconPapers)
JEL-codes: D62 R14 R41 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S009411901830010X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:105:y:2018:i:c:p:40-53

Access Statistics for this article

Journal of Urban Economics is currently edited by S.S. Rosenthal and W.C. Strange

More articles in Journal of Urban Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2018-08-06
Handle: RePEc:eee:juecon:v:105:y:2018:i:c:p:40-53