@techreport{NBERt0084,
 title = "The Ramsey Problem for Congestible Facilities",
 author = "Richard Arnott and Marvin Kraus",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Technical Working Paper Series",
 number = "84",
 year = "1994",
 month = "May",
 URL = "http://www.nber.org/papers/t0084",
 abstract = {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.},
}