Continuous price and flow dynamics of tradable mobility credits

This study examines the price and flow dynamics under a tradable credit scheme, when the credits can be traded in a free market. A continuous dynamic model in a finite time horizon is proposed to describe the travelers’ learning behavior and the evolution of network flows and credit price, and then the existence and uniqueness of the equilibria are established. The conditions for stability and convergence of the dynamic system as the time horizon extends to infinity and the impact of limited implementation time horizon on the system behavior are investigated.

• Record URL:
  • https://doi.org/10.1016/j.trb.2013.05.007
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0191261513000891
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Supplemental Notes:
  • Abstract reprinted with permission by Elsevier.
• Authors:
  • Ye, Hongbo
  • Yang, Hai
• Publication Date: 2013-11

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; Figures; References;
• Pagination: pp 436-450
• 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: Congestion pricing; Dynamic models; Equilibrium (Systems); Mobility; Stability criteria; Traffic flow; Travel behavior
• Subject Areas: Finance; Highways; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01504999
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 27 2014 10:45AM