Arbeitspapier
Speed Choice, Car Following Theory and Congestion Tolling
This paper provides a link between car following theory and the economic theoryof road congestion by means of a theory of speed choice. According to this theory speedchoice is based on a trade-off between the benefits (shorter travel time) and cost (higheraccident risk) of driving faster. Accident risk is related to the distance to the ‘leader’and by elaborating this relationship a number of car-following models can be derived fromthis theory of speed choice. Wit homogeneous traffic, steady state analysis leads to amodel that generalizes the conventional Pigou-Knight analysis: it has an endogenous speedchoice curve and requires the incorporation of accident risk in the value of travel time. Afurther generalization of this model to steady states with heterogeneous traffic ispossible and leads to the conclusion that first best tolls will in general requiredifferentiation over groups of drivers. Finally a general bottleneck model is discussedthat contains Vickrey’s (1969) and Verhoef’s (2002) versions as special cases. This results in aclarification of Verhoef’s finding that implementation of the optimal Vickrey toll canresult in a deterioration of welfare.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 02-102/3
- Klassifikation
-
Wirtschaft
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
Transportation Economics: Government Pricing and Policy
Externalities
- Thema
-
Car following
congestion tolling
traffic speed
traffic heterogeneity.
Verkehrsstau
Bottleneck
Straßenbenutzungsgebühr
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Rouwendal, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:23 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Rouwendal, Jan
- Tinbergen Institute
Entstanden
- 2002
Ähnliche Objekte (12)
Driver behavior and congestion on highways
Assessing the value of museums with a combined discrete choice / count data model
Assessing the value of museums with a combined discrete choice / count data model
Search Theory and Commuting Behavior
Indirect Welfare Effects of Price Changes and Cost-Benefit Analysis
Measuring and Explaining the Limited Take-up of the Housing Benefit in the Netherlands
Specification Tests for The Multinomial Logit Model Revisited: The Role of Alternative-Specific Constants
A Structural Model of Traffic Congestion
Pricing, Capacity Choice and Financing in Transportation Networks
Pricing, Capacity Choice and Financing in Transportation Networks
Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model
Cultural Heritage and the Location Choice of Dutch Households in a Residential Sorting Model
Driver behavior and congestion on highways
Assessing the value of museums with a combined discrete choice / count data model
Assessing the value of museums with a combined discrete choice / count data model
Search Theory and Commuting Behavior
Indirect Welfare Effects of Price Changes and Cost-Benefit Analysis
Measuring and Explaining the Limited Take-up of the Housing Benefit in the Netherlands
Specification Tests for The Multinomial Logit Model Revisited: The Role of Alternative-Specific Constants
A Structural Model of Traffic Congestion
Pricing, Capacity Choice and Financing in Transportation Networks
Pricing, Capacity Choice and Financing in Transportation Networks
Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model
Cultural Heritage and the Location Choice of Dutch Households in a Residential Sorting Model
Driver behavior and congestion on highways
Assessing the value of museums with a combined discrete choice / count data model
Assessing the value of museums with a combined discrete choice / count data model
Search Theory and Commuting Behavior
Indirect Welfare Effects of Price Changes and Cost-Benefit Analysis
Measuring and Explaining the Limited Take-up of the Housing Benefit in the Netherlands
Specification Tests for The Multinomial Logit Model Revisited: The Role of Alternative-Specific Constants
A Structural Model of Traffic Congestion
Pricing, Capacity Choice and Financing in Transportation Networks
Pricing, Capacity Choice and Financing in Transportation Networks
Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model