A hybrid implementation mechanism of tradable network permits system which obviates path enumeration: An auction mechanism with day-to-day capacity control

Kentaro Wada and Takashi Akamatsu

Transportation Research Part E: Logistics and Transportation Review, 2013, vol. 60, issue C, 94-112

Abstract: Akamatsu (2007a,b) proposed a new dynamic traffic congestion control scheme called tradable network permits, and demonstrated its efficiency properties for general road networks. To implement tradable permit markets, this paper proposes a novel auction mechanism with capacity control. This mechanism employs an evolutionary approach to achieve a dynamic system optimal allocation of network permits in a computationally efficient manner. We prove that the proposed mechanism has the following desirable properties: (i) truthful bidding is a dominant strategy for each user on each day and (ii) the permit allocation pattern under the mechanism converges to a dynamic system optimal allocation pattern.

Keywords: Dynamic traffic assignment; Transportation demand management; Tradable permits; Auction mechanism; Capacity control; Mathematical decomposition techniques (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (26)

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DOI: 10.1016/j.tre.2013.05.008

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