Yang, H. and Xu, W. and Heydecker, B.G. (2010) Bounding the efficiency of road pricing. Transportation Research Part E: Logistics and Transportation Review , 46 (1) pp. 90-108. 10.1016/j.tre.2009.05.007.
![[img]](/style/images/fileicons/application_pdf.png)
| PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader 272Kb |
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.
| Type: | Article |
|---|---|
| Title: | Bounding the efficiency of road pricing |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.tre.2009.05.007 |
| Publisher version: | http://dx.doi.org/10.1016/j.tre.2009.05.007 |
| Language: | English |
| Keywords: | Nash game, inefficiency, congestion pricing, traffic equilibria |
| UCL classification: | UCL > School of BEAMS > Faculty of Engineering Science > Civil, Environmental and Geomatic Engineering |
View download statistics for this itemArchive Staff Only: edit this record