IRREDUCIBILITY OF DYNAMIC TRAFFIC CONDITIONS IN A MODEL OF RESIDENTIAL LOCATION AND DEPARTURE TIME CHOICE EQUILIBRIUM WITH BOTTLENECK CONGESTION

Abstract

The standard residential location theory describes transportation cost in a static framework, assuming that detailed transportation conditions have negligible significance. Recent studies on bottleneck congestion, however, indicate that the static transportation modeling may give a large estimation error. This paper aims to clarify the urban conditions in which the conventional location theory leads to significant biases in the transportation cost. To achieve the purpose, we present a residential location equilibrium model with a bottleneck congestion model. By comparing the transportation cost obtained from our model to that in conventional models, we specify the urban conditions in which conventional theory yields biased results.