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First-best dynamic assignment of commuters with endogenous heterogeneities in a corridor network.
- Source :
-
Transportation Research Part B: Methodological . Nov2018:Part B, Vol. 117, p811-831. 21p. - Publication Year :
- 2018
-
Abstract
- Abstract We study a parsimonious theory that synthesizes short-term traffic demand management (TDM) policies with long-term endogenous heterogeneities of demand. In a corridor network with multiple discrete bottlenecks, we study a model of system optimal assignment that integrates the short-term problem (departure time choice with tolling) and the long-term problem (job and residential location choice). For the short-term departure-time-choice equilibrium, under mild assumptions on schedule delay function, we derive analytical solutions under a first-best TDM scheme. Investigating properties of long-term equilibria, we found that the overall equilibrium pattern exhibits remarkable spatio-temporal sorting properties. It is further shown that a lack of integration of the short- and the long-term policy results in excessive investments for long-term road construction. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01912615
- Volume :
- 117
- Database :
- Academic Search Index
- Journal :
- Transportation Research Part B: Methodological
- Publication Type :
- Academic Journal
- Accession number :
- 133440024
- Full Text :
- https://doi.org/10.1016/j.trb.2017.09.003