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 language | English |
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Pages (from-to) | 94-112 |
Number of pages | 19 |
Journal | Transportation Research Part E: Logistics and Transportation Review |
Volume | 60 |
DOIs | |
Publication status | Published - 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