Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2020-01-06
Number: 20-002/VIII
Author-Name: Dario Frascaria
Author-Workplace-Name: VU Amsterdam
Author-Name: Neil Olver
Author-Workplace-Name: London School of Economics and Political Science
Author-Name: Erik T. Verhoef
Author-Workplace-Name: VU Amsterdam
Title: Emergent hypercongestion in Vickrey bottleneck networks
Abstract: Hypercongestion - the phenomenon that higher traffic densities can reduce throughput - is well understood at the link level, but has also been observed in a macroscopic form at the level of traffic networks; for instance, in morning rush-hour traffic into a downtown core. In this paper, we show that macroscopic hypercongestion can occur as a purely emergent effect of dynamic equilibrium behaviour on a network, even if the underlying link dynamics (we consider Vickrey bottlenecks with spaceless vertical queues) do not exhibit hypercongestion.
Classification-JEL: D62, R41, R48
Keywords: Hypercongestion, Vickrey bottlenecks, Spaceless vertical queues, Arbitrary networks, Homogeneous users, Optimal (first-best) pricing
File-URL: https://papers.tinbergen.nl/20002.pdf
File-Format: application/pdf
File-Size: 2282369 bytes
Handle: RePEc:tin:wpaper:20200002