This paper explores optimal pricing strategies for competitive transport modes, using logit-based stochastic user equilibrium (SUE) models. To consider a simplified network that contains a transit link and a parallel highway, various pricing strategies are devised to improve the net social benefit. It is demonstrated that how social optimum can be achieved by optimal pricing strategies in a competitive transport system with elastic travel demand. The proposed models are illustrated and discussed with numerical examples.


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    Title :

    Optimal Pricing Strategies for Competitive Transport Modes


    Contributors:
    Wu, Z. X. (author) / Lam, W. H. K. (author) / Huang, H. J. (author)

    Conference:

    International Conference on Traffic and Transportation Studies (ICTTS) 2002 ; 2002 ; Guilin, China



    Publication date :

    2002-07-10




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English




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