Abstract
This paper explores the second-best pricing problem of congested transportation networks with elastic demand where only a subset of links are charged. We derive a simple expression of the second-best pricing rule and provide a clear interpretation to the second-best pricing. Also examined is the issue of heterogeneity and anonymity of users. We extend the analysis of the second-best price to the case with heterogeneous user population, and study the impact of type-dependent/independent pricing schemes on social welfare.
Original language | English |
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Pages (from-to) | 157-171 |
Number of pages | 15 |
Journal | Journal of the Operations Research Society of Japan |
Volume | 53 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2010 Jun |
Keywords
- Anonymity
- Congestion pricing
- Economics
- Networks
- Second best
- Transportation
ASJC Scopus subject areas
- Decision Sciences(all)
- Management Science and Operations Research