Multi-period equilibrium modeling planning framework for tradable credit schemes

Mohammad Miralinaghi and Srinivas Peeta

Transportation Research Part E: Logistics and Transportation Review, 2016, vol. 93, issue C, 177-198

Abstract: This study proposes the concept of multi-period tradable credit scheme (TCS) for a planning context. In it, travelers determine their actions in terms of consumption or sale of credits in the current period or transfer to future periods. In the first scheme, travelers can transfer credits to future periods without penalty. In the second scheme, the effects of two regulatory instruments are investigated on the market behavior. Study insights suggest that a multi-period TCS dampens credit price volatility. It allows the central authority to develop TCSs with stable credit prices in which travelers can hedge against potential monetary losses.

Keywords: Multi-period tradable credit scheme; Equilibrium credit price; Transfer fee; Reservation credit price (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (14)

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DOI: 10.1016/j.tre.2016.05.013

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