Stable dynamic pricing scheme independent of lane-choice models for high-occupancy-toll lanes

Wen-Long Jin, Xuting Wang and Yingyan Lou

Transportation Research Part B: Methodological, 2020, vol. 140, issue C, 64-78

Abstract: A stable dynamic pricing scheme is essential to guarantee the desired performance of high-occupancy-toll (HOT) lanes, where single-occupancy vehicles (SOVs) can pay a price to use the HOT lanes. But existing methods apply to either only one type of lane-choice models with unknown parameters or different types of lane-choice models but with known parameters. In this study we present a new dynamic pricing scheme that is stable and applies to different types of lane-choice models with unknown parameters.

Keywords: High-occupancy-toll (HOT) lanes; Lane-choice models; Dynamic pricing scheme; Estimation problem; Equilibrium state; Stability (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.trb.2020.07.008

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