Decentralizing Pareto-efficient network flow/speed patterns with hybrid schemes of speed limit and road pricing

Xiaolei Wang, Hongbo Ye and Hai Yang

Transportation Research Part E: Logistics and Transportation Review, 2015, vol. 83, issue C, 51-64

Abstract: This paper examines the potential of hybrid schemes of speed limit and road pricing for decentralizing Pareto-efficient flow/speed patterns that minimize total travel time and total emissions simultaneously. Both link flows and speeds are treated as independent variables in our bi-objective formulation. The resulting Pareto frontier is thus weakly dominant to that in previous literature. For any such favorable Pareto-efficient flow and speed pattern, we establish the existence of hybrid schemes of speed limits and non-negative/revenue-neutral tolls, whose set of user equilibrium (UE) solutions contains the Pareto-efficient one, and provide sufficient conditions under which the Pareto-efficient solution can be certainly obtained.

Keywords: Speed limit; Road pricing; Emission; Bi-objective; Pareto-efficient (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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DOI: 10.1016/j.tre.2015.08.004

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