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This paper investigates the Pareto efficiency of the various reliability-based traffic equilibria proposed in the literature and the risk-taking behavior of travelers. Reliability indexes such as the percentile travel time (PTT), travel time budget (TTB), mean excess travel time (METT) and the...
Persistent link: https://www.econbiz.de/10010786534
Traffic congestion and emissions are two main types of social cost, and their minimization sometimes conflicts with each other. In this paper we seek nonnegative link toll schemes and/or link toll cum rebate schemes for Pareto-efficient control and management of both vehicular congestion and...
Persistent link: https://www.econbiz.de/10010580903
A model is presented for analyzing Pareto-efficient build-operate-transfer toll road contracts. The formulation simultaneously allows maximizing social welfare and private profit when road users vary in their value-of-time (VOT). The failure rate and mean residual functions of the VOT...
Persistent link: https://www.econbiz.de/10010754962