Design and classification of tradable mobility credit schemes

Jesper Provoost, Oded Cats and Serge Hoogendoorn

Transport Policy, 2023, vol. 136, issue C, 59-69

Abstract: The ongoing research on tradable credit schemes (TCS) in mobility has captured the attention of policymakers, authorities and academics. Even though several studies have demonstrated the potential of such schemes, key policy design aspects that are relevant for real world implementation have been overlooked. There exists insofar no blueprint for an actual application of a TCS. We therefore propose a single all-encompassing framework for designing a TCS based on three dimensions: ownership, transfer and consumption. This framework has been developed through the extraction of policy design questions in the existing literature on TCS as well as alternative demand management schemes. Literature on the design of central bank digital currencies (CBDC) and digital tokens has been used to derive additional decisions regarding technical implementation and regulation. The decisions that are incorporated in the framework facilitate the comparison of different scheme designs in a three-dimensional space, addressing aspects of security, anonymity, centralization and technical feasibility. Hence, it provides policymakers and responsible authorities with a comprehensive framework on the essential decisions that need to be made upon practical application of a tradable credit scheme. It also serves as a means to classify existing work and develop new (or more realistic) variants of TCS that can be studied in future research endeavors. Based on the proposed framework, we devise an extensive research agenda describing directions for future research on tradable credit schemes across a variety of themes.

Keywords: Demand management; Pricing policy; Tradable mobility credits; Policy design (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X23000690
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:trapol:v:136:y:2023:i:c:p:59-69

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

DOI: 10.1016/j.tranpol.2023.03.010

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().