Economics at your fingertips  

An integrated model for road capacity choice and cordon toll pricing

Qianwen Guo, Yanshuo Sun, Zhi-Chun Li and Zhongfei Li

Research in Transportation Economics, 2017, vol. 62, issue C, 68-79

Abstract: 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)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
https://shop.elsevie ... _01_ooc_2&version=01

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Series data maintained by Dana Niculescu ().

Page updated 2017-10-07
Handle: RePEc:eee:retrec:v:62:y:2017:i:c:p:68-79