Auction-Based Congestion Pricing

Dušan Teodorović · Konstantinos P. Triantis · Praveen K. Edara · Yueqin Zhao · Snežana Mladenović

32 citations0/0 files storedTransportation Planning and Technology

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Transportation Planning and Optimization Traffic control and management Transportation and Mobility Innovations

Abstract

Planners, engineers and economists have introduced various demand management methods in an attempt to reduce the fast growing traffic congestion. The basic idea behind various demand management strategies is to force drivers to travel and use transportation facilities more during off-peak hours and less during peak hours, as well as to increase the usage of underutilized routes. In this paper, a new demand management concept – Auction-based Congestion Pricing – is proposed and modeled.

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1969CONGESTION THEORY AND TRANSPORT INVESTMENT 1975Transportation research 2003Combinatorial Auctions: A Survey 1994PRICING IN URBAN AND SUBURBAN TRANSPORT 2005Transportation Research 2002Second-best congestion pricing in general networks. Heuristic algorithms for finding second-best optimal toll levels and toll points 2003Combinatorial auction design 2003The optimal cordon-based network congestion pricing problem

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2014Dynamic simulation modeling and policy analysis of an area-based congestion pricing scheme for a transportation socioeconomic system 2022Managing bottleneck congestion with tradable credits under asymmetric transaction cost 2017Auction-based tolling systems in a connected and automated vehicles environment: Public opinion and implications for toll revenue and capacity utilization 2019Discrete-time dynamic road congestion pricing under stochastic user optimal principle 2018Trading mechanisms for bottleneck permits with multiple purchase opportunities

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