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Tradable travel credits for congestion management with heterogeneous users

Author

Listed:
  • Wang, Xiaolei
  • Yang, Hai
  • Zhu, Daoli
  • Li, Changmin

Abstract

This paper carries on the recent work of Yang and Wang (2011) on tradable credit schemes by considering heterogeneous users with different value of time (VOT). Given a tradable credit scheme, the user equilibrium (UE) and market equilibrium (ME) conditions with heterogeneous users are formulated into a variational inequalities (VI) problem. Sufficient conditions for uniqueness of the aggregate UE link flows and then the ME credit price are established. Appropriate tradable credit schemes are developed to decentralize system optimal and Pareto-improving network flow patterns. Extension is made to the elastic demand case.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:transe:v:48:y:2012:i:2:p:426-437
    DOI: 10.1016/j.tre.2011.10.007
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    References listed on IDEAS

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