Economics of a Bottleneck

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

Working Paper from Economics Department, Queen's University

Abstract: This paper is the first in a series of papers which examine the economics of congestable facilities with peak-load demand, provides a thorough analysis of the simplest bottleneck model: A fixed number of individuals, one per car, must travel from home to work. Between home and work is a bottleneck of given capacity. The costs of travel include queuing time and schedule delay. Equilibrium with no toll, a coarse toll, and a fine toll are compared and optimal bottleneck capacity computed for each case.

Pages: 37 pages
Date: 1985
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Citations: View citations in EconPapers (7)

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Journal Article: Economics of a bottleneck (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:636

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