DocumentCode
3063262
Title
The Social Welfare for the Separable Road Toll Function
Author
Shi, Chaofeng
Author_Institution
Dept. of Financial & Econ., Chongqing Jiaotong Univ., Chongqing, China
fYear
2012
fDate
23-26 June 2012
Firstpage
528
Lastpage
530
Abstract
This paper considers a congested bottleneck, where some travelers are given priority and other travelers can use the reserverd capacity when it is not used. In this paper, a quasiconcave function of the scheduling utility is considered, which is weaker than a strictly concave function used by Mogens Fosgerau (2011). Furthermore, this paper proves that the socially optimal fast lane scheme for the separable toll function obtains more than half the social welfare for the optimal continuously time varying toll, which generalizes the results in Mogens Fosgerau (2011).
Keywords
road pricing (tolls); scheduling; transportation; congested bottleneck; quasiconcave function; reserverd capacity; scheduling utility; separable road toll function; separable toll function; social welfare; socially optimal fast lane scheme; strictly concave function; time varying toll; Economics; Educational institutions; Equations; Nash equilibrium; Roads; Schedules; separable road toll functions; social welfare; toll road; traffic networks;
fLanguage
English
Publisher
ieee
Conference_Titel
Computational Sciences and Optimization (CSO), 2012 Fifth International Joint Conference on
Conference_Location
Harbin
Print_ISBN
978-1-4673-1365-0
Type
conf
DOI
10.1109/CSO.2012.120
Filename
6274781
Link To Document