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In recent years, a new set of models drawing on Vickrey [1969] has been developed to analyze the economics of congestible facilities. These models are structural in that they derive the cost function from consumers' time-of-use decisions and the congestion technology. Standard models, in contrast, simply assume the general form of the cost function. We apply the new approach to analyze the Ramsey problem for a congestible facility, and show that the solution generally entails cost inefficiency. Standard models have failed to reveal this result because they treat the cost function as completely determined by technology.

Ramsey theory. --- Origin and destination traffic surveys --- Mathematical models.

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Éducation --- 37.001 --- 37.001 Filosofie van opvoeding en onderwijs --- Filosofie van opvoeding en onderwijs --- Montaigne, Michel de (1533-1592) --- Lavelle, Louis (1883-1951) --- Fichte, Johann Gottlieb (1762-1814) --- Montaigne, Michel de, 1533-1592. Essais --- Fichte, Johann Gottlieb, 1762-1814. Conférences sur la destination du savant, 1794 --- Lavelle, Louis, 1883-1951. Erreur de Narcisse --- Montaigne, Michel de (1533-1592). Les essais --- Critique et interprétation --- Philosophie