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Disproving Walters’ Congestion Toll Theory

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Document pages: 9 pages

Abstract: Walters applied a demand and supply model to collect toll for easing congestion. This paper proves that his model is a lame duck, one without a supply function. It then works out a wholesome traffic and congestion model, to offer some alternative methods to solve congestion. This paper also clarifies many misunderstandings about demand and supply.

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