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Carpooling and congestion pricing in a multilane highway with high-occupancy-vehicle lanes

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  • Yang, Hai
  • Huang, Hai-Jun

Abstract

High-occupancy-vehicle (HOV) lanes and toll differentiation have been used as efficient measures to address growing traffic congestion problems by providing priority treatment for buses and carpools. This paper deals with carpooling behavior and optimal congestion pricing in a multilane highway with or without HOV lanes. It is shown that in the absence of HOV lanes, a uniform toll for all vehicles (independent of their number of occupants) should be charged to achieve a first-best social optimum. However, in the presence of HOV lanes, first-best pricing for a social optimum requires differentiating the toll per vehicle across segregated lanes. In the case where toll differentiation cannot be applied, the optimal uniform toll for the second-best solution in the presence of HOV lanes should be set to be a weighted average of the marginal external congestion costs between non-carpooling and carpooling commuters. Our theoretical observations have strong practical implications for combined implementation of HOV lanes and congestion pricing.

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Bibliographic Info

Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

Volume (Year): 33 (1999)
Issue (Month): 2 (February)
Pages: 139-155

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Handle: RePEc:eee:transa:v:33:y:1999:i:2:p:139-155

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References

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  1. Yang, Hai & Bell, Michael G. H., 1997. "Traffic restraint, road pricing and network equilibrium," Transportation Research Part B: Methodological, Elsevier, vol. 31(4), pages 303-314, August.
  2. Lee, Li Way, 1984. "The Economics of Carpools," Economic Inquiry, Western Economic Association International, vol. 22(1), pages 128-35, January.
  3. Yang, Hai & Huang, Hai-Jun, 1998. "Principle of marginal-cost pricing: how does it work in a general road network?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 32(1), pages 45-54, January.
  4. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1993. "A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand," American Economic Review, American Economic Association, vol. 83(1), pages 161-79, March.
  5. Yang, Hai & Hai-Jun, Huang, 1997. "Analysis of the time-varying pricing of a bottleneck with elastic demand using optimal control theory," Transportation Research Part B: Methodological, Elsevier, vol. 31(6), pages 425-440, November.
  6. Verhoef, Erik & Nijkamp, Peter & Rietveld, Piet, 1996. "Second-Best Congestion Pricing: The Case of an Untolled Alternative," Journal of Urban Economics, Elsevier, vol. 40(3), pages 279-302, November.
  7. Yan, Hai & Lam, William H. K., 1996. "Optimal road tolls under conditions of queueing and congestion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 30(5), pages 319-332, September.
  8. Braid, Ralph M., 1996. "Peak-Load Pricing of a Transportation Route with an Unpriced Substitute," Journal of Urban Economics, Elsevier, vol. 40(2), pages 179-197, September.
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Citations

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Cited by:
  1. Finkleman, Jeremy & Casello, Jeffrey & Fu, Liping, 2011. "Empirical evidence from the Greater Toronto Area on the acceptability and impacts of HOT lanes," Transport Policy, Elsevier, vol. 18(6), pages 814-824, November.
  2. de Palma, André & Kilani, Moez & Lindsey, Robin, 2008. "The merits of separating cars and trucks," Journal of Urban Economics, Elsevier, vol. 64(2), pages 340-361, September.
  3. Hideo Konishi & Se-il Mun, 2009. "Carpooling and Congestion Pricing: HOV and HOT Lanes," Boston College Working Papers in Economics 719, Boston College Department of Economics.
  4. Erik T. Verhoef & Kenneth A. Small, 1999. "Product Differentiation on Roads: Second-Best Congestion Pricing with Heterogeneity under Public and Private Ownership," Tinbergen Institute Discussion Papers 99-066/3, Tinbergen Institute.
  5. Chu, Chih-Peng & Tsai, Jyh-Fa & Hu, Shou-Ren, 2012. "Optimal starting location of an HOV lane for a linear monocentric urban area," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(3), pages 457-466.
  6. Yao, Tao & Friesz, Terry L. & Wei, Mike Mingcheng & Yin, Yafeng, 2010. "Congestion derivatives for a traffic bottleneck," Transportation Research Part B: Methodological, Elsevier, vol. 44(10), pages 1149-1165, December.
  7. Jonathan E. Hughes & Daniel Kaffine, 2013. "When is Encouraging Consumption of Common Property Second Best? Sorting, Congestion and Entry in the Commons," Working Papers 2013-05, Colorado School of Mines, Division of Economics and Business.
  8. Yao, Tao & Wei, Mike Mingcheng & Zhang, Bo & Friesz, Terry, 2012. "Congestion derivatives for a traffic bottleneck with heterogeneous commuters," Transportation Research Part B: Methodological, Elsevier, vol. 46(10), pages 1454-1473.
  9. Furuhata, Masabumi & Dessouky, Maged & Ordóñez, Fernando & Brunet, Marc-Etienne & Wang, Xiaoqing & Koenig, Sven, 2013. "Ridesharing: The state-of-the-art and future directions," Transportation Research Part B: Methodological, Elsevier, vol. 57(C), pages 28-46.

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