A Stochastic Model of Congestion Caused by Speed Differences

Jan Rouwendal, Erik Verhoef, Piet Rietveld and Bert Zwart

Journal of Transport Economics and Policy, 2002, vol. 36, issue 3, 407-445

Abstract: The authors study interaction on a two-lane road between the trips of two types of drivers who differ by their desired speeds. The difference in desired speeds causes congestion, because slow vehicles force fast vehicles to reduce their speed. Results for this type of congestion with respect to tolling are very different from those of the classic Pigou-Knight model, where the marginal external costs are an increasing function of the number of road users. In our model we find the opposite result: the marginal external costs of slow vehicles are a decreasing function of the number of slow vehicles. This leads to rather different policy recommendations. © The London School of Economics and the University of Bath 2002

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 0020901)36:3L.407;1- (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: A Stochastic Model of Congestion caused by Speed Differences (2000)
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:tpe:jtecpo:v:36:y:2002:i:3:p:407-445

Access Statistics for this article

Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham

More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().