The Equilibrium Worth of a Network Link
Marguerite Frank
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Marguerite Frank: Rider College, Lawrenceville, New Jersey 08648, and Stanford University, Stanford, California 94305
Transportation Science, 1989, vol. 23, issue 2, 125-138
Abstract:
Select an arbitrary link T on a directed network whose link costs are fixed, unknown, differentiable disutility functions of link flows (with a symmetric Jacobian). We induce graded variations in the “intrinsic” cost of T due to its own flow by varying the coefficient vector (alpha) of a control polynomial p T of this flow. Our sensitivity analysis of such perturbations on the unevaluated equilibrium cost C , for any O(rigin)/D(estination)-pair with arbitrary demand, focuses on the marginal contribution to C of T 's equilibrium flow U T . This “shadow price” of U T , as well as the gradient components of C relative to (alpha) , are all positive multiples---identical for every O/D-pair-of the rate of change of U T relative to that O/D-pair's demand; and they can all be determined from output-data obtained locally at T . For affine link costs, the shadow price of U T remains constant on every utilized (sub)network as (alpha) and O/D-demand both vary, and T -local data then yields a polygonal map with which to predict the resulting link utilization patterns and the variations of C at large.
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ortrsc:v:23:y:1989:i:2:p:125-138
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