Journal article
On the Equivalence of Competitive Transportation Markets and Congestion in Spatial Price Equilibrium Models
Transportation science, Vol.23(2), pp.112-117
05/1989
DOI: 10.1287/trsc.23.2.112
Abstract
In this paper we explicitly incorporate competitive markets for transportation services into the framework of spatial price equilibrium modeling. These markets can be purely local, purely global, or a combination thereof. We show that the existence of markets for transportation services is equivalent to the existence of congestion in a spatial price equilibrium model. In addition, we give general suggestions regarding the application of these models.
Details
- Title: Subtitle
- On the Equivalence of Competitive Transportation Markets and Congestion in Spatial Price Equilibrium Models
- Creators
- Philip C. Jones - Northwestern UniversityEric S. Theise - University of Chicago
- Resource Type
- Journal article
- Publication Details
- Transportation science, Vol.23(2), pp.112-117
- DOI
- 10.1287/trsc.23.2.112
- ISSN
- 0041-1655
- eISSN
- 1526-5447
- Number of pages
- 6
- Language
- English
- Date published
- 05/1989
- Academic Unit
- Business Analytics
- Record Identifier
- 9984963186802771
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