Dynamic Congestion and Urban Equilibrium

Sergejs Gubins and Erik Verhoef

No 12-137/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We consider a monocentric city where a traffic bottleneck is located at the entrance of the central business district. The commuters' choices of the departure times from home, residential location, and lot size, are all endogenous. We show that elimination of queuing time under optimal road pricing induces individuals to spend more time at home and to have larger houses, causing urban sprawl. This is opposite to the typical results of urban models with static congestion, which predict cities to become denser with road pricing.

Keywords: dynamic traffic congestion; urban equilibrium; road pricing; bottleneck model; monocentric model (search for similar items in EconPapers)
JEL-codes: D62 R21 R41 R48 (search for similar items in EconPapers)
Date: 2012-12-10
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