Congestion and economic valuation: A reconsideration

The topic of congestion in the use of travel cost demand models has received a considerable amount of attention. A number of extensions of the original Wetzel article have extended the question raised in that article. The purpose of this paper is twofold. The first purpose is to raise the general issue of the use of short-run or long-run demand curves for policy analysis. The second purpose is to make some brief specific comments about certain sections of the extensions and corrections offered to the original Wetzel article.