First-best dynamic assignment of commuters with endogenous heterogeneities in a corridor network

Minoru Osawa, Haoran Fu and Takashi Akamatsu

Transportation Research Part B: Methodological, 2018, vol. 117, issue PB, 811-831

Abstract: We study a parsimonious theory that synthesizes short-term traffic demand management (TDM) policies with long-term endogenous heterogeneities of demand. In a corridor network with multiple discrete bottlenecks, we study a model of system optimal assignment that integrates the short-term problem (departure time choice with tolling) and the long-term problem (job and residential location choice). For the short-term departure-time-choice equilibrium, under mild assumptions on schedule delay function, we derive analytical solutions under a first-best TDM scheme. Investigating properties of long-term equilibria, we found that the overall equilibrium pattern exhibits remarkable spatio-temporal sorting properties. It is further shown that a lack of integration of the short- and the long-term policy results in excessive investments for long-term road construction.

Keywords: Departure time choice; Job-location choice; Corridor problem; User heterogeneity; Dynamic system optimal assignment (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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DOI: 10.1016/j.trb.2017.09.003

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