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Design of income-equitable toll prices for high occupancy toll lanes in a single toll facility

Author

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  • Chaitanya Paleti
  • Xiaozheng He
  • Srinivas Peeta

Abstract

Income inequity potentially exists under high occupancy toll (HOT) lanes whereby higher-income travelers may reap the benefits of the facility. An income-based multi-toll pricing approach is proposed for a single HOT lane facility in a network to maximize simultaneously the toll revenue and address the income equity concern, while ensuring a minimum level-of-service on the HOT lanes and that the toll prices do not exceed pre-specified thresholds. The problem is modeled as a bi-level optimization formulation. The upper level model maximizes revenue for the tolling authority subject to pre-specified upper bounds on tolls. The lower level model solves the stochastic user equilibrium problem. An agent-based solution approach is used to determine the toll prices by considering the tolling authority and commuters as agents. Results from numerical experiments indicate that a multi-toll pricing scheme is more equitable and can yield higher revenues compared to a single toll price scheme across travelers.

Suggested Citation

  • Chaitanya Paleti & Xiaozheng He & Srinivas Peeta, 2016. "Design of income-equitable toll prices for high occupancy toll lanes in a single toll facility," Transportation Planning and Technology, Taylor & Francis Journals, vol. 39(4), pages 389-406, June.
    • Handle: RePEc:taf:transp:v:39:y:2016:i:4:p:389-406
    DOI: 10.1080/03081060.2016.1160581
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