A game-theoretic approach to the analysis of simple congested networks
Article Abstract:
A game-theoretic approach can be used to evaluate traffic congestion in simple networks. Information systems should be designed more efficiently because too much information can create more congestion and increase user costs. A transportation model shows that information systems should consider situational factors of information provision and the number of users who are informed. Private pricing can improve welfare, but a greater understanding of regulations that avoid social inefficiency is needed.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Trip scheduling in urban transportation analysis
Article Abstract:
People who are faced with congestion on a network of roads may choose to use public transit, change their schedules, combine trips or eliminate some trips. Equilibrium models of travel demand that do not consider these alternatives cannot estimate the shifts into peak-period travel that occur when congestion is decreased slightly. Transportation models can be improved by incorporating such factors as endogenous route choice, heterogeneity of scheduling choice and randomness.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
The use of straw men in the economic evaluation of rail transport projects
Article Abstract:
The use of straw men has been a major contributor to the errors in economic assessments of federally funded rail systems. Capital and operating costs have been underestimated, while future ridership and benefits have been overestimated. The regional transit authority in Houston, TX, used overly optimistic frequencies and speeds and poorly designed all-bus alternatives to increase the estimated cost-effectiveness and ridership of its proposed rail systems.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A reduced rank regression approach to tests of asset pricing. Seemingly unrelated negative binomial regression
- Abstracts: A theory of ambiguous property rights in transition economies: the case of the Chinese non-state sector. The impact of credit control and interest rate regulation on the transforming Chinese economy: an analysis of long-run effects
- Abstracts: An empirical analysis of the changing role of the German Bundesbank after 1983. Interest rate feedback rules in an open economy with forward looking inflation
- Abstracts: An elementary approach to approximate equilibria with infinitely many commodities. Capital as a Commitment: Strategic Investment to Deter Mobility
- Abstracts: Incomplete contracts and the governance of complex contractual relationships. Quality Uncertainty, Search, and Advertising