An integrated model for road capacity choice and cordon toll pricing
Zhi-Chun Li and
Research in Transportation Economics, 2017, vol. 62, issue C, 68-79
In this paper, an analytical model is proposed to address road capacity choice and cordon toll pricing issues for an urban transportation corridor. In the proposed model, the road capacity, toll location and level are considered as decision variables, and the effects of self-financing and subsidy constraints on these variables are explored. It has been shown in the numerical studies that the self-financing requirement can lead to a decreased social welfare, and subsidies in certain ranges are welfare-improving. Results also show that subsidy increments yield disproportionately smaller welfare improvements, which is a sign of low efficiency.
Keywords: Cordon toll pricing; Road capacity; Social welfare; Self-financing (search for similar items in EconPapers)
JEL-codes: R41 R48 R58 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:62:y:2017:i:c:p:68-79
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