Walters' Congestion Theory

7 Pages Posted: 16 Oct 2013

See all articles by John F. McDonald

John F. McDonald

University of Illinois at Chicago

Date Written: October 15, 2013

Abstract

The purpose of this paper is to explain the traffic congestion theory of A. A. Walters (1961). The recent paper by Choi (2013) provides an interpretation of the theory that is no consistent with the Walters presentation. This paper provides an empirical example that demonstrates the validity of the Walters presentation and discusses implications for congestion tolls.

Keywords: Congestion, Toll, Traffic Flow

JEL Classification: R4

Suggested Citation

McDonald, John F., Walters' Congestion Theory (October 15, 2013). Available at SSRN: https://ssrn.com/abstract=2340621 or http://dx.doi.org/10.2139/ssrn.2340621

John F. McDonald (Contact Author)

University of Illinois at Chicago ( email )

Chicago, IL 60605
United States
312-281-3287 (Phone)
312-281-3123 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
83
Abstract Views
410
rank
370,031
PlumX Metrics