On-line marginal-cost pricing across networks: Incorporating heterogeneous users and stochastic equilibria

Yong Zhao and Kara Maria Kockelman

Transportation Research Part B: Methodological, 2006, vol. 40, issue 5, 424-435

Abstract: This paper discusses an on-line, trial-and-error implementation of marginal-cost pricing for networks with users whose values of travel time vary, whose demand functions are unknown, and whose route choices conform to random-utility maximization. It is an extension of Yang et al.'s [Yang, H., Meng, Q., Lee, D.-H., 2004. Trial-and-error implementation of marginal-cost pricing on networks in the absence of demand functions. Transportation Research Part B 38 (6), 477-493] calculations of optimal congestion tolls with homogenous travelers and shortest-path choices. The numerical example on an actual, large-scale network suggests the heuristic iterative procedure does converge in searching for optimal tolls.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0191-2615(05)00078-0
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: https://EconPapers.repec.org/RePEc:eee:transb:v:40:y:2006:i:5:p:424-435

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Transportation Research Part B: Methodological is currently edited by Fred Mannering

More articles in Transportation Research Part B: Methodological from Elsevier
Bibliographic data for series maintained by Catherine Liu ().