Impact of congestion charging on the transit market: An inter-modal equilibrium model
An inter-modal equilibrium model links an urban road network subject to a congestion charge to a parallel urban transit market, with a view to finding the optimum congestion charge consistent with the commercial decisions of the transit operator(s). A congestion charge is set to maximise social surplus. Travel behaviour is assumed to conform to elastic-demand user equilibrium traffic assignment. The transit market is assumed to be either a profit maximising monopoly or a profit maximising duopoly competing non-cooperatively. The operator(s) set the fares to maximise profits and the supply of transit services are determined by the resulting demand. The problem has been formulated as a bi-level programme with the determination of the congestion charge on the upper level and the setting of transit fares on the lower level. In the case of non-cooperating operators, the Bertrand-Nash equilibrium fares are sought. The results of the model are analysed for a small example based loosely on Edinburgh. This reveals the importance of competition in the transit market for the trade off between the government, the transit provider(s) and the travellers.
- Record URL:
-
Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/09658564
-
Supplemental Notes:
- Abstract reprinted with permission from Elsevier.
-
Authors:
- Wichiensin, Muanmas
- Bell, Michael G.H.
- Yang, Hai
- Publication Date: 2007-8
Language
- English
Media Info
- Media Type: Print
- Features: Figures; References;
- Pagination: pp. 703-713
-
Serial:
- Transportation Research Part A: Policy and Practice
- Volume: 41
- Issue Number: 7
- Publisher: Elsevier
- ISSN: 0965-8564
- Serial URL: http://www.sciencedirect.com/science/journal/09658564
Subject/Index Terms
- TRT Terms: Competition; Congestion pricing; Equilibrium (Systems); Governments; Intermodal transportation; Markets; Mathematical models; Public transit; Traffic congestion; Transit operating agencies; Travelers; Urban transit
- Uncontrolled Terms: Inconsistency; Profit maximization; Road networks; Supply and demand; Transit users; Urban networks
- Geographic Terms: Edinburgh (Scotland)
- Subject Areas: Highways; Planning and Forecasting; Public Transportation; Society; I21: Planning of Transport Infrastructure; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01051724
- Record Type: Publication
- Files: TRIS, ATRI
- Created Date: Jun 6 2007 10:02AM