Emergent Hypercongestion in Vickrey Bottleneck Networks
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Series
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SpeakerDario Frascaria (Vrije Universiteit Amsterdam)
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FieldSpatial Economics
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LocationOnline
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Date and time
October 08, 2020
14:00 - 14:40
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. Joint paper with Neil Olver and Erik Verhoef.
Biography
Dario Frascaria is a PhD candidate at the department of Econometrics/OR of the Vrije Universiteit Amsterdam.