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.
References:
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.