Vickrey meets Alonso: Commute scheduling and congestion in a monocentric city
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Vickrey meets Alonso : Commute scheduling and congestion in a monocentric city. / Fosgerau, Mogens; Kim, Jinwon; Ranjan, Abhishek.
I: Journal of Urban Economics, Bind 105, 05.2018, s. 40-53.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - Vickrey meets Alonso
T2 - Commute scheduling and congestion in a monocentric city
AU - Fosgerau, Mogens
AU - Kim, Jinwon
AU - Ranjan, Abhishek
PY - 2018/5
Y1 - 2018/5
N2 - This paper studies the interaction between dynamic traffic congestion and urban spatial equilibrium, using a model that is a straight unification of the Vickrey (1969) bottleneck congestion model and the Alonso (1964) monocentric city model. In a monocentric city with a bottleneck at the entrance to the CBD, residents choose their commute departure time jointly with residential location and housing consumption. Commuters arrive at the bottleneck in sequence sorted by residential location, so that more distant residents arrive later. The socially optimal toll makes central residents commute earlier in the morning than they would without the toll, which in turn induces a city that is less dense in the center and more dense further out. This is the opposite effect of what is found in models with static congestion.
AB - This paper studies the interaction between dynamic traffic congestion and urban spatial equilibrium, using a model that is a straight unification of the Vickrey (1969) bottleneck congestion model and the Alonso (1964) monocentric city model. In a monocentric city with a bottleneck at the entrance to the CBD, residents choose their commute departure time jointly with residential location and housing consumption. Commuters arrive at the bottleneck in sequence sorted by residential location, so that more distant residents arrive later. The socially optimal toll makes central residents commute earlier in the morning than they would without the toll, which in turn induces a city that is less dense in the center and more dense further out. This is the opposite effect of what is found in models with static congestion.
KW - Bottleneck model
KW - Congestion
KW - Land use
KW - Monocentric model
KW - Toll
U2 - 10.1016/j.jue.2018.02.003
DO - 10.1016/j.jue.2018.02.003
M3 - Journal article
VL - 105
SP - 40
EP - 53
JO - Journal of Urban Economics
JF - Journal of Urban Economics
SN - 0094-1190
ER -
ID: 199173551