Fosgerau, Mogens (2011): How a fast lane may replace a congestion toll. Published in: Transportation Research Part B , Vol. 45, (January 2011): pp. 845-851.
Download (198kB) | Preview
This paper considers a congested bottleneck. A fast lane reserves a more than proportional share of capacity to a designated group of travelers. Travelers are otherwise identical and other travelers can use the reserved capacity when it would otherwise be idle. The paper shows that such a fast lane is always Pareto improving under Nash equilibrium in arrival times at the bottleneck and inelastic demand. It can replicate the arrival schedule and queueing outcomes of a toll that optimally charges a constant toll during part of the demand peak. Within some bounds, the fast lane scheme is still welfare improving when demand is elastic.
|Item Type:||MPRA Paper|
|Original Title:||How a fast lane may replace a congestion toll|
|Keywords:||Congestion; Tolling; Bottleneck; Scheduling; Fast lane|
|Subjects:||R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R4 - Transportation Economics > R41 - Transportation: Demand, Supply, and Congestion ; Travel Time ; Safety and Accidents ; Transportation Noise|
|Depositing User:||Mogens Fosgerau|
|Date Deposited:||30 Oct 2012 18:57|
|Last Modified:||17 Nov 2016 22:49|
Arnott, R.A., de Palma, A., Lindsey, R., 1990. Economics of a bottleneck. Journal of Urban Economics 27 (1), 111–130.
Arnott, R.A., de Palma, A., Lindsey, R., 1993. A structural model of peak-period congestion: a traffic bottleneck with elastic demand. American Economic Review 83 (1), 161–179.
de Palma, A., Fosgerau, M., 2009. Random queues and risk averse users. Working paper.
Knockaert, J., Verhoef, E.T., Rouwendal, J., 2010. Bottleneck congestion: differentiating the coarse charge. Working paper.
Laih, C.-H., 1994. Queueing at a bottleneck with single- and multi-step tolls. Transportation Research Part A 28 (3), 197–208.
Laih, C.H., 2004. Effects of the optimal step toll scheme on equilibrium commuter behaviour. Applied Economics 36 (1), 59–81.
Shen, W., Zhang, H.M., 2010. Pareto-improving ramp metering strategies for reducing congestion in the morning commute. Transportation Research Part A 44 (9), 676–696.
Vickrey, W.S., 1969. Congestion theory and transport investment. American Economic Review 59 (2), 251–261.
Vickrey, W.S., 1973. Pricing, metering, and efficiently using urban transportation facilities. Highway Research Record 476, 36–48.