Mathematical and Economic Theory of Road Pricing

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Product Details
01 Jan 2005
Emerald Group Publishing Limited
488 pages - 156 x 234 x 26mm


This book provides the most recent methodological advances in applying advanced modeling techniques to road pricing. Distinguished from other monographs that have focused on the empirical aspects, policy experiences, and environmental issues of road congestion and road pricing, most studies presented in the book are carried out within the general network equilibrium context with rigorous optimization and economic theories. Topics discussed in the book include: fundamentals of traffic equilibrium problems; principle of marginal-cost road pricing; models and algorithms for the general second-best road pricing problems; discriminatory and anonymous road pricing; social and spatial equities; Pareto pricing and revenue refunding schemes; pricing, capacity choice and financing; simultaneous determination of toll levels and locations; sequential pricing experiments with limited information; bounding the efficiency of road pricing; and dynamic road pricing. It is valuable for any academic or professional reader interested in or involved in implementing road pricing.
Introduction. Fundamentals of User-Equilibrium Problems. The First-Best Road Pricing Problems. The Second-Best Road Pricing Problems: A Sensitivity Analysis Based Approach.The Second-Best Road Pricing Problems: A Gap Function Based Approach. Discriminatory and Anonymous Road Pricing. Social and Spatial Equities and Revenue Redistribution. Pricing, Capacity Choice and Financing. Simultaneous Determination of Optimal Toll Levels and Locations. Sequential Pricing Experiments with Limited Information. Bounding the Efficiency Gain or Loss of Road Pricing. Dynamic Road Pricing: Single and Parallel Bottleneck Models. Dynamic Road Pricing: General Network Models.

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