Please use this identifier to cite or link to this item: https://doi.org/10.1016/S0191-2615(03)00077-8
DC FieldValue
dc.titleTrial-and-error implementation of marginal-cost pricing on networks in the absence of demand functions
dc.contributor.authorYang, H.
dc.contributor.authorMeng, Q.
dc.contributor.authorLee, D.-H.
dc.date.accessioned2014-06-17T08:27:00Z
dc.date.available2014-06-17T08:27:00Z
dc.date.issued2004-07
dc.identifier.citationYang, H., Meng, Q., Lee, D.-H. (2004-07). Trial-and-error implementation of marginal-cost pricing on networks in the absence of demand functions. Transportation Research Part B: Methodological 38 (6) : 477-493. ScholarBank@NUS Repository. https://doi.org/10.1016/S0191-2615(03)00077-8
dc.identifier.issn01912615
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/66338
dc.description.abstractConventional analysis of optimal congestion pricing relies on three primary elements, namely, the speed-flow relationship, the demand function, and the generalized cost. Analytical demand functions tailed for congestion pricing are, however, difficult to establish in practice even with advanced transport modeling techniques. Inspired and motivated by the recent commentary and analytical works in the literature, this study proposes a trial-and-error implementation scheme of marginal-cost pricing on a general road network when the demand functions are unknown. Given a trial of a set of link tolls, the revealed aggregate link flows can be observed at ease; based on the observed link flows, a new set of link tolls can be determined and used for the next trial. We propose such an iterative toll adjustment procedure based on the method of successive averages, and present a rigorous theoretical proof of its convergence. The iterative procedure presented here allows for a traffic planner to estimate easily the socially optimal congestion tolls in a network without resorting to demand functions. © 2003 Elsevier Ltd. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S0191-2615(03)00077-8
dc.sourceScopus
dc.subjectAlgorithm
dc.subjectCongestion pricing
dc.subjectConvergence
dc.subjectToll estimation
dc.subjectTransportation network
dc.subjectUser equilibrium
dc.typeArticle
dc.contributor.departmentCIVIL ENGINEERING
dc.description.doi10.1016/S0191-2615(03)00077-8
dc.description.sourcetitleTransportation Research Part B: Methodological
dc.description.volume38
dc.description.issue6
dc.description.page477-493
dc.identifier.isiut000221200600001
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