Park-and-ride service design under a price-based tradable credits scheme in a linear monocentric city

Ge Gao, Huijun Sun, Jianjun Wu, Xinmin Liu and Weiya Chen

Transport Policy, 2018, vol. 68, issue C, 1-12

Abstract: This study conducts a multimodal analysis in a competitive railway/highway system along a linear traffic corridor. A price-based tradable credits scheme is introduced into the park-and-ride (P&R) design in which the credit price is determined by the government. The C-logit model is used to analyze the linear monocentric city's route choice behavior. A bi-level programming model is proposed to study the P&R location problem. The upper level minimizes the social cost by optimizing the quantity and location of P&R stations and the price-based tradable credits scheme. The lower level is to determine the equilibrium assignments on the multi-mode network. Finally, a numerical example is used to investigate the effects of the price-based tradable credits scheme, bodily congestion in transit carriages and P&R facilities' investment on social cost, traveler behavior and P&R locations. It is found that besides the price-based tradable credits scheme, bodily congestion and P&R facilities investment also have an important influence on the P&R location design and the social cost.

Keywords: Linear monocentric city; Multimodal analysis; Park-and-ride; Price-based credit scheme; Dial-C-Logit algorithm (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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DOI: 10.1016/j.tranpol.2018.04.001

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