The highway has a supply function of: t2=292 And the local road has a supply function of: t1=4+q1 The total demand is constant: 10 trips a. What is the user equilibrium flows on each link? b. What is the travel time of each link/mode? C. What is the system optimum flows if you use the convention? d. What toll would you charge on each link to achieve these flows?

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter16: Externalities, The Environment, And Natural Resources
Section: Chapter Questions
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Two cities are connected by two links of road transportation (local road and highway).
highway
Local road
The highway has a supply function of:
t2=2q2
And the local road has a supply function of:
t1=4+q1
The total demand is constant: 10 trips
What is the user equilibrium flows on each link?
What is the travel time of each link/mode?
What is the system optimum flows if you use the convention?
What toll would you charge on each link to achieve these flows?
а.
b.
С.
d.
Transcribed Image Text:Two cities are connected by two links of road transportation (local road and highway). highway Local road The highway has a supply function of: t2=2q2 And the local road has a supply function of: t1=4+q1 The total demand is constant: 10 trips What is the user equilibrium flows on each link? What is the travel time of each link/mode? What is the system optimum flows if you use the convention? What toll would you charge on each link to achieve these flows? а. b. С. d.
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