A hybrid implementation mechanism of tradable network permits system which obviates path enumeration: An auction mechanism with day-to-day capacity control

Kentarou Wada, Takashi Akamatsu

Research output: Contribution to journalArticlepeer-review

32 Citations (Scopus)

Abstract

Akamatsu (2007a,b) proposed a new dynamic traffic congestion control scheme called tradable network permits, and demonstrated its efficiency properties for general road networks. To implement tradable permit markets, this paper proposes a novel auction mechanism with capacity control. This mechanism employs an evolutionary approach to achieve a dynamic system optimal allocation of network permits in a computationally efficient manner. We prove that the proposed mechanism has the following desirable properties: (i) truthful bidding is a dominant strategy for each user on each day and (ii) the permit allocation pattern under the mechanism converges to a dynamic system optimal allocation pattern.

Original languageEnglish
Pages (from-to)94-112
Number of pages19
JournalTransportation Research Part E: Logistics and Transportation Review
Volume60
DOIs
Publication statusPublished - 2013 Dec

Keywords

  • Auction mechanism
  • Capacity control
  • Dynamic traffic assignment
  • Mathematical decomposition techniques
  • Tradable permits
  • Transportation demand management

ASJC Scopus subject areas

  • Business and International Management
  • Civil and Structural Engineering
  • Transportation

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