[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v32y1998i1p45-54.html
   My bibliography  Save this article

Principle of marginal-cost pricing: how does it work in a general road network?

Author

Listed:
  • Yang, Hai
  • Huang, Hai-Jun
Abstract
Most previous theoretical arguments on congestion pricing are based on the fundamental economic principle of marginal-cost pricing, and are entirely concerned with abstract travel demand-supply models. There exists in the literature considerable confusion on analysis of congestion which needs to be clarified. There are also many interesting, and important issues to be explored when detailed network modeling is involved. This paper makes a theoretical investigation into how this classical economic principle would work in a general congested road network. Some new explanations of the marginal-cost pricing and its implications under different equilibrium conditions are presented.

Suggested Citation

  • Yang, Hai & Huang, Hai-Jun, 1998. "Principle of marginal-cost pricing: how does it work in a general road network?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 32(1), pages 45-54, January.
    • Handle: RePEc:eee:transa:v:32:y:1998:i:1:p:45-54
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965-8564(97)00018-9
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. G. F. Newell, 1988. "Traffic Flow for the Morning Commute," Transportation Science, INFORMS, vol. 22(1), pages 47-58, February.
    2. Small, Kenneth A., 1992. "Using the Revenues from Congestion Pricing," University of California Transportation Center, Working Papers qt32p9m3mm, University of California Transportation Center.
    3. Yang, Hai & Hai-Jun, Huang, 1997. "Analysis of the time-varying pricing of a bottleneck with elastic demand using optimal control theory," Transportation Research Part B: Methodological, Elsevier, vol. 31(6), pages 425-440, November.
    4. Mun, Se-il, 1994. "Traffic jams and the congestion toll," Transportation Research Part B: Methodological, Elsevier, vol. 28(5), pages 365-375, October.
    5. Hau, Timothy D., 1992. "Economic fundamentals of road pricing : a diagrammatic analysis," Policy Research Working Paper Series 1070, The World Bank.
    6. Yang, Hai & Bell, Michael G. H., 1997. "Traffic restraint, road pricing and network equilibrium," Transportation Research Part B: Methodological, Elsevier, vol. 31(4), pages 303-314, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yang, Hai & Meng, Qiang, 1998. "Departure time, route choice and congestion toll in a queuing network with elastic demand," Transportation Research Part B: Methodological, Elsevier, vol. 32(4), pages 247-260, May.
    2. Verhoef, Erik T., 1999. "Time, speeds, flows and densities in static models of road traffic congestion and congestion pricing," Regional Science and Urban Economics, Elsevier, vol. 29(3), pages 341-369, May.
    3. Ferrari, Paolo, 2010. "Willingness to spend and road pricing rates," Transport Policy, Elsevier, vol. 17(3), pages 160-172, May.
    4. Arnott, Richard, 2013. "A bathtub model of downtown traffic congestion," Journal of Urban Economics, Elsevier, vol. 76(C), pages 110-121.
    5. Liu, Yang & Nie, Yu (Marco), 2011. "Morning commute problem considering route choice, user heterogeneity and alternative system optima," Transportation Research Part B: Methodological, Elsevier, vol. 45(4), pages 619-642.
    6. Hall, Jonathan D., 2018. "Pareto improvements from Lexus Lanes: The effects of pricing a portion of the lanes on congested highways," Journal of Public Economics, Elsevier, vol. 158(C), pages 113-125.
    7. Bao, Yue & Verhoef, Erik T. & Koster, Paul, 2021. "Leaving the tub: The nature and dynamics of hypercongestion in a bathtub model with a restricted downstream exit," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 152(C).
    8. Teubel, Ulf, 1997. "Wirkung von Straßenbenutzungsabgaben auf die Wohlfahrt von Berufspendlern: Eine empirische Analyse," Discussion Papers 2/97, Technische Universität Dresden, "Friedrich List" Faculty of Transport and Traffic Sciences, Institute of Transport and Economics.
    9. Wu, Jiyan & Tian, Ye & Sun, Jian & Michael Zhang, H. & Wang, Yunpeng, 2023. "Public or private? Optimal organization for incentive-based travel demand management," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 174(C).
    10. C. Robin Lindsey & Erik T. Verhoef, 1999. "Congestion Modelling," Tinbergen Institute Discussion Papers 99-091/3, Tinbergen Institute.
    11. Kobayashi, Kiyoshi & Do, Myungsik, 2005. "The informational impacts of congestion tolls upon route traffic demands," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 651-670.
    12. Li, Chuan-Yao & Huang, Hai-Jun, 2018. "User equilibrium of a single-entry traffic corridor with continuous scheduling preference," Transportation Research Part B: Methodological, Elsevier, vol. 108(C), pages 21-38.
    13. Kenneth A. Small & Xuehao Chu, 2003. "Hypercongestion," Journal of Transport Economics and Policy, University of Bath, vol. 37(3), pages 319-352, September.
    14. Gonzales, Eric J., 2016. "Demand responsive transit systems with time-dependent demand: User equilibrium, system optimum, and management strategyAuthor-Name: Amirgholy, Mahyar," Transportation Research Part B: Methodological, Elsevier, vol. 92(PB), pages 234-252.
    15. Vanoutrive, Thomas & Zijlstra, Toon, 2018. "Who has the right to travel during peak hours? On congestion pricing and ‘desirable’ travellers," Transport Policy, Elsevier, vol. 63(C), pages 98-107.
    16. Richard H. M. Emmerink & Paul van Beek, 1997. "Empirical Analysis of Work Schedule Flexibility: Implications for Road Pricing and Driver Information Systems," Urban Studies, Urban Studies Journal Limited, vol. 34(2), pages 217-234, February.
    17. Ferrari, Paolo, 2005. "Road pricing and users' surplus," Transport Policy, Elsevier, vol. 12(6), pages 477-487, November.
    18. Langmyhr, Tore, 1997. "Managing equity : The case of road pricing," Transport Policy, Elsevier, vol. 4(1), pages 25-39, January.
    19. Chen, Linxi & Yang, Hai, 2012. "Managing congestion and emissions in road networks with tolls and rebates," Transportation Research Part B: Methodological, Elsevier, vol. 46(8), pages 933-948.
    20. de Palma, André & Kilani, Moez & Lindsey, Robin, 2005. "Congestion pricing on a road network: A study using the dynamic equilibrium simulator METROPOLIS," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(7-9), pages 588-611.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:32:y:1998:i:1:p:45-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.