Article ID: | iaor1989957 |
Country: | United States |
Volume: | 23 |
Issue: | 2 |
Start Page Number: | 112 |
End Page Number: | 117 |
Publication Date: | May 1989 |
Journal: | Transportation Science |
Authors: | Jones Philip C., Theise Eric S. |
This paper explicitly incorporates 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. The paper shows that the existence of markets for transportation services is equivalent to the existence of congestion in a spatial price equilibrium model. In addition, it gives general suggestions regarding the application of these models.