Equilibrium at a bottleneck when long-run and short-run scheduling preferences diverge

The authors consider the use of a Vickrey road bottleneck in the context of repetitive scheduling choices, distinguishing between long-run and short-run scheduling preferences. The preference structure reflects that there is a distinction between the (exogenous) ‘long-run preferred arrival time’, which would be relevant if consumers were unconstrained in the scheduling of their activities, and the ‘short-run preferred arrival time’, which is the result of an adaptation of travel routines in the face of constraints caused by, in particular, time-varying congestion levels. The authors characterize the unpriced equilibrium, the social optimum as well as second-best situations where the availability of the pricing instruments is restricted. All of them entail a dispersed distribution of short-run preferred arrival times. The authors obtain the intriguing results that the dispersion is lower in the social optimum than in the unpriced equilibrium, and that the application of first-best short-run tolls does not induce efficient long-run choices of travel routines.

• Record URL:
  • https://doi.org/10.1016/j.trb.2013.09.001
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0191261513001550
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Peer, Stefanie
  • Verhoef, Erik T
• Publication Date: 2013-11

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 12-27
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 57
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Activity choices; Bottlenecks; Departure time; Revealed preferences; Road pricing; Scheduling; Traffic equilibrium
• Subject Areas: Highways; Operations and Traffic Management; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01504954
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 27 2014 10:45AM