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Managing network mobility with tradable credits

  • Yang, Hai
  • Wang, Xiaolei
Registered author(s):

A system of tradable travel credits is explored in a general network with homogeneous travelers. A social planner is assumed to initially distribute a certain number of travel credits to all eligible travelers, and then there are link-specific charges to travelers using that link. Free trading of credits among travelers is assumed. For a given credit distribution and credit charging scheme, the existence of a unique equilibrium link flow pattern is demonstrated with either fixed or elastic demand. It can be obtained by solving a standard traffic equilibrium model subject to a total credit consumption constraint. The credit price at equilibrium in the trading market is also conditionally unique. The appropriate distribution of credits among travelers and correct selection of link-specific rates is shown to lead to the most desirable network flow patterns in a revenue-neutral manner. Social optimum, Pareto-improving and revenue-neutral, and side-constrained traffic flow patterns are investigated.

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Article provided by Elsevier in its journal Transportation Research Part B: Methodological.

Volume (Year): 45 (2011)
Issue (Month): 3 (March)
Pages: 580-594

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Handle: RePEc:eee:transb:v:45:y:2011:i:3:p:580-594
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