This paper investigates the first-best dynamic congestion pricing scheme in urban transit system based on the fundamental economic principle of marginal-cost pricing. It is found that for the large capacity urban transit, such as subway, the first-best pricing should be carried out based on segments and the duration of peak period will extend. The closer the intermediate station to the terminal station is, the longer the congestion charging period should be. A numerical example is used to illustrate the application of the proposed pricing framework.
Dynamic Congestion Pricing in Urban Transit System
Second International Conference on Transportation Engineering ; 2009 ; Southwest Jiaotong University, Chengdu, China
2009-07-29
Conference paper
Electronic Resource
English
Dynamic Congestion Pricing in Urban Transit System
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