Traffic jams and the congestion toll

Se-il Mun

Transportation Research Part B: Methodological, 1994, vol. 28, issue 5, 365-375

Abstract: The theory of congestion tolls, in particular, the traffic jam, is developed. A dynamic model of traffic flow is presented that describes the formation and development of the traffic jam based on the theory of kinematic waves. I demonstrate the dynamic externality present when traffic is jammed. Furthermore, I obtained some results that differ from those based on the conventional approach: (a) the cost curve for travel on a long road does not include the backward-bending section that appears in the conventional approach; (b) I allow for traffic jams during optimal use of road.

Date: 1994
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