Navigating congested networks with variable demand: Experimental evidence
نویسندگان
چکیده
منابع مشابه
Navigating congested networks with variable demand: Experimental evidence
We consider traffic networks with a common origin and common destination that are subject to congestion and susceptible to the Braess paradox. Users of such networks choose their routes simultaneously in an attempt to minimize travel cost. A counterintuitive implication of the equilibrium analysis of the users’ route choices is that, as demand for the network increases, the addition of a new ed...
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Transport systems are full of interactions between the demand for travel and the supply costs. As the demand increases, congestion builds up in the network and the costs of travel increases. In response to increased costs of travel, people may alter their demand for travel in terms of change of route, departure-time, mode, or choose not to travel. This demand/supply interaction enables an econo...
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In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after observing their bids. Bidders are uncertain about the sellers cost. We experimentally investigate whether a uniform or a discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform price auction produces s...
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ژورنال
عنوان ژورنال: Journal of Economic Psychology
سال: 2006
ISSN: 0167-4870
DOI: 10.1016/j.joep.2006.06.001