Traffic Congestion and Accidents

URN to cite this document:: urn:nbn:de:bvb:355-opus-7363
DOI to cite this document:: 10.5283/epub.4535

Schrage, Andrea

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Date of publication of this fulltext: 20 Nov 2006 13:47

Alternative links to fulltext:Repec Publisher

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Abstract

Obstructions caused by accidents can trigger or exacerbate traffic congestion. This paper derives the efficient traffic pattern for a rush hour with congestion and accidents and the corresponding road toll. Compared to the model without accidents, where the toll equals external costs imposed on drivers using the road at the same time, a new insight arises: An optimal toll also internalizes the ...