TY - JOUR
T1 - An integrated dynamic model of road traffic congestion based on simple car-following theory: exploring hypercongestion
AU - Verhoef, E.T.
PY - 2001
Y1 - 2001
N2 - This paper presents a dynamic version of the standard static economic model of road traffic congestion, based on car-following theory. It is proven formally and illustrated numerically that the "hypercongested" equilibria found in the standard model are dynamically unstable. For arrival rates of users below the road's maximum capacity, the model reproduces the non-hypercongested stationary state outcomes found in the standard model. When the arrival rate exceeds this maximum capacity, however, the model produces outcomes consistent with Vickrey's model of bottleneck congestion. The model thus offers an integration and a generalization of these two archetype models. © 2001 Academic Press.
AB - This paper presents a dynamic version of the standard static economic model of road traffic congestion, based on car-following theory. It is proven formally and illustrated numerically that the "hypercongested" equilibria found in the standard model are dynamically unstable. For arrival rates of users below the road's maximum capacity, the model reproduces the non-hypercongested stationary state outcomes found in the standard model. When the arrival rate exceeds this maximum capacity, however, the model produces outcomes consistent with Vickrey's model of bottleneck congestion. The model thus offers an integration and a generalization of these two archetype models. © 2001 Academic Press.
U2 - 10.1006/juec.2000.2203
DO - 10.1006/juec.2000.2203
M3 - Article
SN - 0094-1190
VL - 49
SP - 505
EP - 542
JO - Journal of Urban Economics
JF - Journal of Urban Economics
ER -