Transport models

Frank Kelly

This talk will give an introduction to models of flow through congested networks. We'll define a Wardrop equilibrium, discuss Braess' paradox, and briefly mention recent work on road pricing.

The evolution of price discrimination in transportation and its implications for the Internet.
A. M. Odlyzko
Review of Network Economics 3 (2004) 323-346.
Feasibility study of road pricing in the UK .
Department for Transport
July, 2004.
Studies in the Economics of Transportation.
M. J. Beckmann, C. B. McGuire and C. B. Winsten
Cowles Commission Monograph, Yale University Press, 1956.