First-Best Dynamic Assignment of Commuters with Endogenous Heterogeneities in a Corridor Network

Minoru Osawa, Haoran Fu, Takashi Akamatsu

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

We study a parsimonious theory that synthesizes short-term traffic demand management (TDM) policies with long-term endogenous heterogeneities of demand. In a corridor network with multiple discrete bottlenecks, we study a model of system optimal assignment that integrates the short-term problem (departure time choice with tolling) and the long-term problem (job and residential location choice). For the short-term departure-time-choice equilibrium, under mild assumptions on schedule delay function, we derive analytical solutions under a first-best TDM scheme. Investigating properties of long-term equilibria, we found that the overall equilibrium pattern exhibits remarkable spatio-temporal sorting properties. It is further shown that a lack of integration of the short-and the long-term policy results in excessive investments for long-term road construction.

Original languageEnglish
Pages (from-to)303-321
Number of pages19
JournalTransportation Research Procedia
Volume23
DOIs
Publication statusPublished - 2017 Jan 1

Keywords

  • corridor problem
  • departure time choice
  • dynamic system optimal assignment
  • job-location choice
  • user heterogeneity

ASJC Scopus subject areas

  • Transportation

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