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The Application of the Economics of Congestion to Marine Problems

Published online by Cambridge University Press:  18 January 2010

A. H. Vanags
A. H. Vanags
Affiliation:
(Queen Mary College, University of London)
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Extract

Although the economic theory of congestion as applied to road traffic has been known since at least the time of Pigou its application to marine problems has been much slower. It is the purpose of this paper to remedy this somewhat by interpreting the theory in a marine context and to suggest some of the practical implications of taking proper account of congestion effects.

Type
Marine Traffic Engineering
Information
The Journal of Navigation , Volume 25 , Issue 3 , July 1972 , pp. 392 - 395
Copyright
Copyright © The Royal Institute of Navigation 1972

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References

REFERENCES

1Johnson, (1965). On the economics of road congestion, Econometrica.Google Scholar
2Walters, (1961). The theory and measurement of private and social costs of highway congestion, Econometrica.Google Scholar