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Bounding the efficiency of road pricing

Author

Listed:
  • Yang, Hai
  • Xu, Wei
  • Heydecker, Benjamin

Abstract

This paper deals with the following question associated with congestion pricing in a general network with either fixed or elastic travel demand: what is the maximum efficiency loss of a general second-best pricing scheme due to inexact marginal-cost pricing in comparison with the first-best pricing or system optimum case? A formal answer to this question is provided by establishing an inefficiency bound associated with a given road pricing scheme. An application of the methods is provided for the practical trial-and-error implementation of marginal-cost pricing with unknown demand functions.

Suggested Citation

  • Yang, Hai & Xu, Wei & Heydecker, Benjamin, 2010. "Bounding the efficiency of road pricing," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(1), pages 90-108, January.
    • Handle: RePEc:eee:transe:v:46:y:2010:i:1:p:90-108
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    Citations

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    Cited by:

    1. Meng Xu & Guangmin Wang & Susan Grant-Muller & Ziyou Gao, 2017. "Joint road toll pricing and capacity development in discrete transport network design problem," Transportation, Springer, vol. 44(4), pages 731-752, July.
    2. Haoning Xi & Liu He & Yi Zhang & Zhen Wang, 2020. "Bounding the efficiency gain of differentiable road pricing for EVs and GVs to manage congestion and emissions," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-36, July.
    3. Qiang Zhang & Shi Qiang Liu & Mahmoud Masoud, 2022. "A traffic congestion analysis by user equilibrium and system optimum with incomplete information," Journal of Combinatorial Optimization, Springer, vol. 43(5), pages 1391-1404, July.
    4. Feng, Zengzhe & Gao, Ziyou & Sun, Huijun, 2014. "Bounding the inefficiency of atomic splittable selfish traffic equilibria with elastic demands," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 63(C), pages 31-43.
    5. Liu, Tian-Liang & Chen, Jian & Huang, Hai-Jun, 2011. "Existence and efficiency of oligopoly equilibrium under toll and capacity competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 908-919.
    6. O'Hare, Steven J. & Connors, Richard D. & Watling, David P., 2016. "Mechanisms that govern how the Price of Anarchy varies with travel demand," Transportation Research Part B: Methodological, Elsevier, vol. 84(C), pages 55-80.
    7. Tobias Harks & Konstantin Miller, 2011. "The Worst-Case Efficiency of Cost Sharing Methods in Resource Allocation Games," Operations Research, INFORMS, vol. 59(6), pages 1491-1503, December.
    8. Hsieh, Hsu-Sheng, 2022. "Road pricing acceptability and persuasive communication effectiveness," Transport Policy, Elsevier, vol. 125(C), pages 179-191.
    9. Dieplinger, Maria & Fürst, Elmar, 2014. "The acceptability of road pricing: Evidence from two studies in Vienna and four other European cities," Transport Policy, Elsevier, vol. 36(C), pages 10-18.

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