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Reducing traffic externalities by multiple-cordon pricing.
- Source :
- Transportation; Mar2018, Vol. 45 Issue 2, p597-622, 26p, 2 Charts, 9 Graphs, 1 Map
- Publication Year :
- 2018
-
Abstract
- The second-best congestion pricing schemes including common optimum, one cordon, and multiple cordons schemes are compared with the first-best optimum pricing scheme. A cross-subsidy effect exists in these second-best pricing models. However, the scheme with more cordons will diminish the cross-subsidy and approach an efficient and equitable outcome. The relative efficiency of a cordon pricing scheme for the case of Taipei metropolis is very high. One single cordon yields excellent performance of 93% relative efficiency. There might be some factors causing the good results: the uncongested traffic condition, the linear unit distance cost in traffic flow forming a nonlinear cost function, and the trip demands with continuous space and the same destination (the central business district) in the network. [ABSTRACT FROM AUTHOR]
- Subjects :
- TRAFFIC congestion
CONGESTION pricing
EXTERNALITIES
TRAFFIC flow
Subjects
Details
- Language :
- English
- ISSN :
- 00494488
- Volume :
- 45
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Transportation
- Publication Type :
- Academic Journal
- Accession number :
- 128946312
- Full Text :
- https://doi.org/10.1007/s11116-016-9742-2