IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v465y2017icp438-448.html
   My bibliography  Save this article

Optimizing congestion and emissions via tradable credit charge and reward scheme without initial credit allocations

Author

Listed:
  • Zhu, Wenlong
  • Ma, Shoufeng
  • Tian, Junfang

Abstract

This paper investigates the revenue-neutral tradable credit charge and reward scheme without initial credit allocations that can reassign network traffic flow patterns to optimize congestion and emissions. First, we prove the existence of the proposed schemes and further decentralize the minimum emission flow pattern to user equilibrium. Moreover, we design the solving method of the proposed credit scheme for minimum emission problem. Second, we investigate the revenue-neutral tradable credit charge and reward scheme without initial credit allocations for bi-objectives to obtain the Pareto system optimum flow patterns of congestion and emissions; and present the corresponding solutions are located in the polyhedron constituted by some inequalities and equalities system. Last, numerical example based on a simple traffic network is adopted to obtain the proposed credit schemes and verify they are revenue-neutral.

Suggested Citation

  • Zhu, Wenlong & Ma, Shoufeng & Tian, Junfang, 2017. "Optimizing congestion and emissions via tradable credit charge and reward scheme without initial credit allocations," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 465(C), pages 438-448.
    • Handle: RePEc:eee:phsmap:v:465:y:2017:i:c:p:438-448
    DOI: 10.1016/j.physa.2016.08.045
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437116305623
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2016.08.045?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nie, Yu (Marco) & Yin, Yafeng, 2013. "Managing rush hour travel choices with tradable credit scheme," Transportation Research Part B: Methodological, Elsevier, vol. 50(C), pages 1-19.
    2. Xiao, Feng & Qian, Zhen (Sean) & Zhang, H. Michael, 2013. "Managing bottleneck congestion with tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 56(C), pages 1-14.
    3. Komada, Kazuhito & Nagatani, Takashi, 2010. "Traffic flow through multi-lane tollbooths on a toll highway," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(11), pages 2268-2279.
    4. Li, Xiang & Sun, Jian-Qiao, 2014. "Effect of interactions between vehicles and pedestrians on fuel consumption and emissions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 416(C), pages 661-675.
    5. Chen, Linxi & Yang, Hai, 2012. "Managing congestion and emissions in road networks with tolls and rebates," Transportation Research Part B: Methodological, Elsevier, vol. 46(8), pages 933-948.
    6. Yan, Fei & Tian, Fuli & Shi, Zhongke, 2016. "An extended signal control strategy for urban network traffic flow," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 445(C), pages 117-127.
    7. Zhang, Li-Dong & Zhu, Wen-Xing, 2015. "Delay-feedback control strategy for reducing CO2 emission of traffic flow system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 428(C), pages 481-492.
    8. Yang, Hai & Wang, Xiaolei, 2011. "Managing network mobility with tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 45(3), pages 580-594, March.
    9. Wang, Xiaolei & Yang, Hai & Zhu, Daoli & Li, Changmin, 2012. "Tradable travel credits for congestion management with heterogeneous users," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(2), pages 426-437.
    10. He, Kun & Xu, Zhongzhi & Wang, Pu, 2015. "A hybrid routing model for mitigating congestion in networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 431(C), pages 1-17.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Provoost, Jesper & Cats, Oded & Hoogendoorn, Serge, 2023. "Design and classification of tradable mobility credit schemes," Transport Policy, Elsevier, vol. 136(C), pages 59-69.
    2. Cui, Nan & Chen, Bokui & Zhang, Kai & Zhang, Yi & Liu, Xiaotong & Zhou, Jun, 2019. "Effects of route guidance strategies on traffic emissions in intelligent transportation systems," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 513(C), pages 32-44.
    3. Zhang, Fang & Lu, Jian & Hu, Xiaojian, 2022. "Integrated path controlling and subsidy scheme for mobility and environmental management in automated transportation networks," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 167(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xiao, Feng & Long, Jiancheng & Li, Lu & Kou, Gang & Nie, Yu, 2019. "Promoting social equity with cyclic tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 121(C), pages 56-73.
    2. Bao, Yue & Verhoef, Erik T. & Koster, Paul, 2019. "Regulating dynamic congestion externalities with tradable credit schemes: Does a unique equilibrium exist?," Transportation Research Part B: Methodological, Elsevier, vol. 127(C), pages 225-236.
    3. Siyu Chen & Ravi Seshadri & Carlos Lima Azevedo & Arun P. Akkinepally & Renming Liu & Andrea Araldo & Yu Jiang & Moshe E. Ben-Akiva, 2021. "Market Design for Tradable Mobility Credits," Papers 2101.00669, arXiv.org, revised Sep 2022.
    4. Gao, Ge & Sun, Huijun & Wu, Jianjun & Liu, Xinmin & Chen, Weiya, 2018. "Park-and-ride service design under a price-based tradable credits scheme in a linear monocentric city," Transport Policy, Elsevier, vol. 68(C), pages 1-12.
    5. Zhang, Fang & Lu, Jian & Hu, Xiaojian, 2021. "Tradable credit scheme design with transaction cost and equity constraint," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
    6. Dao-Li Zhu & Hai Yang & Chang-Min Li & Xiao-Lei Wang, 2015. "Properties of the Multiclass Traffic Network Equilibria Under a Tradable Credit Scheme," Transportation Science, INFORMS, vol. 49(3), pages 519-534, August.
    7. Fan, Wenbo & Xiao, Feng & Nie, Yu (Macro), 2022. "Managing bottleneck congestion with tradable credits under asymmetric transaction cost," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    8. Ren-Yong Guo & Hai-Jun Huang & Hai Yang, 2019. "Tradable Credit Scheme for Control of Evolutionary Traffic Flows to System Optimum: Model and its Convergence," Networks and Spatial Economics, Springer, vol. 19(3), pages 833-868, September.
    9. Ge Gao & Xinmin Liu & Huijun Sun & Jianjun Wu & Haiqing Liu & Wei (Walker) Wang & Zhen Wang & Tao Wang & Haoming Du, 2019. "Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering," Mathematical Problems in Engineering, Hindawi, vol. 2019, pages 1-10, January.
    10. Ravi Seshadri & André de Palma & Moshe Ben-Akiva, 2021. "Congestion Tolling−Dollars versus Tokens: Within-day Dynamics," THEMA Working Papers 2021-12, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    11. Zhang, Fang & Lu, Jian & Hu, Xiaojian & Fan, Ruochuan & Chen, Junlan, 2022. "Managing bottleneck congestion with tradable credit scheme under demand uncertainty," Research in Transportation Economics, Elsevier, vol. 95(C).
    12. Louis Balzer & Ludovic Leclercq, 2021. "Modal equilibrium of a tradable credit scheme with a trip-based MFD and logit-based decision-making," Papers 2112.07277, arXiv.org, revised Apr 2022.
    13. Lessan, Javad & Fu, Liping & Bachmann, Chris, 2020. "Towards user-centric, market-driven mobility management of road traffic using permit-based schemes," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    14. Ren-Yong Guo & Hai Yang & Hai-Jun Huang & Zhijia Tan, 2016. "Day-to-Day Flow Dynamics and Congestion Control," Transportation Science, INFORMS, vol. 50(3), pages 982-997, August.
    15. Jia, Zehui & Wang, David Z.W. & Cai, Xingju, 2016. "Traffic managements for household travels in congested morning commute," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 91(C), pages 173-189.
    16. Xu, Meng & Grant-Muller, Susan, 2016. "Trip mode and travel pattern impacts of a Tradable Credits Scheme: A case study of Beijing," Transport Policy, Elsevier, vol. 47(C), pages 72-83.
    17. Fei Han & Jian Wang & Lingli Huang & Yan Li & Liu He, 2023. "Modeling Impacts of Implementation Policies of Tradable Credit Schemes on Traffic Congestion in the Context of Traveler’s Cognitive Illusion," Sustainability, MDPI, vol. 15(15), pages 1-18, July.
    18. Yang Liu & Yu (Marco) Nie, 2017. "A Credit-Based Congestion Management Scheme in General Two-Mode Networks with Multiclass Users," Networks and Spatial Economics, Springer, vol. 17(3), pages 681-711, September.
    19. Yang, Hai & Tang, Yili, 2018. "Managing rail transit peak-hour congestion with a fare-reward scheme," Transportation Research Part B: Methodological, Elsevier, vol. 110(C), pages 122-136.
    20. Nie, Yu (Marco), 2017. "On the potential remedies for license plate rationing," Economics of Transportation, Elsevier, vol. 9(C), pages 37-50.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:465:y:2017:i:c:p:438-448. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.