Marginal Congestion Cost Pricing in a Multi-agent Simulation Investigation of the Greater Berlin Area
Journal of Transport Economics and Policy, 2015, vol. 49, issue 4, 560-578
In this paper, an innovative agent-based marginal congestion cost-pricing approach was applied successfully to the real-world case study of Greater Berlin. To the best of the author's knowledge, the general principles of marginal congestion cost pricing have never been applied to a real-world city model on such a sophisticated level of detail. Link-specific marginal delay costs are computed for each simulated time step at a microscopic, truly agent-based level. The simulation experiments indicate a great potential to reduce congestion by means of intelligent pricing and reconsiderations of route choice decisions. © 2015 LSE and the University of Bath
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Persistent link: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:49:y:2015:i:4:p:560-578
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