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Agent-Based Model of Price Competition and Product Differentiation on Congested Networks

Zhang, Lei; Levinson, David; Zhu, Shanjiang - Networks, Economics and Urban Systems Research Group … - 2007

) Representations of road authorities making pricing and capacity decisions. Different from small-network equilibrium models in prior … fixed-rate road pricing policy compared to complete pricing freedom on toll roads. It is also shown that the relationship …

Persistent link: https://www.econbiz.de/10005025581

Equity Effects of Road Pricing, A Review

Levinson, David - Networks, Economics and Urban Systems Research Group … - 2009

Are road pricing strategies regressive or progressive? This is a question that has been confronting researchers … types of road pricing strategies that are being debated, different definitions of equity, and alternative assumptions about … provides a synthesis of the literature to date on both the theory of equity, as applied to road pricing, and the findings of …

Persistent link: https://www.econbiz.de/10005025585

Alternative High Occupancy/Toll Lane Pricing Strategies and their Effect on Market Share

Janson, Michael; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2014

High Occupancy/Toll (HOT) Lanes typically charge a varying to single occupant vehicles (SOVs), with the toll increasing during more congested periods. The toll is usually tied to time of day or to the density of vehicles in the HOT lane. The purpose of raising the toll with congestion is to...

Persistent link: https://www.econbiz.de/10010837230

A Multi-Agent Congestion and Pricing Model

Zou, Xi; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2006

A multi-agent model of travelers competing to utilize a roadway in time and space is presented in this paper to illustrate the effect of congestion and pricing on traveler behaviors and network equilibrium. To realize the spillover effect among travelers, N-player games are constructed in which...

Persistent link: https://www.econbiz.de/10005543313

The Economics of Transportation Network Growth

Zhang, Lei; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2006

A number of factors influence the efficiency, productivity, and welfare of a transportation network. Travel demand, user costs, and facility supply costs equilibrate on various time scales under a set of pricing (taxes and tolls), investment and ownership policies. Two types of equilibria exist...

Persistent link: https://www.econbiz.de/10005543316

Lexus Lanes or Corolla Lanes? Spatial Use and Equity Patterns on the I-394 MnPASS Lanes

Patterson, Tyler; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2008

A 2004-2006 longitudinal panel survey of I-394 residents found support levels at over 60 percent for the congestion priced High Occupancy Toll (HOT) lane, known to the Twin Cities of Minneapolis and St. Paul as MnPASS. This number varies only slightly when sorted by income levels, gender, and...

Persistent link: https://www.econbiz.de/10005747921

Road Pricing with Autonomous Links

Zhang, Lei; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2005

This research examines road pricing on a network of autonomous highway links. By autonomous it is meant that the links … road pricing and privatization on social welfare and the distribution of gains and losses. The specific pricing strategies … under various circumstances, the effectiveness of road pricing and road privatization as public policy can be assessed. …

Persistent link: https://www.econbiz.de/10005747928

Micro-foundations of Congestion and Pricing: A Game Theory Perspective

Levinson, David - Networks, Economics and Urban Systems Research Group … - 2005

This paper develops congestion theory and congestion pricing theory from its microfoundations, the interaction of two or more vehicles. Using game theory, with a two-player game it is shown that the emergence of congestion depends on the players-relative valuations of early arrival, late...

Persistent link: https://www.econbiz.de/10005747959

Stochastic congestion and pricing model with endogenous departure time selection and heterogeneous travelers.

Xin, Wuping; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2006

This paper proposes a stochastic congestion and pricing model that combines a bottleneck model with stochastic queuing to study roadway congestion and pricing. Employing this model, two pricing schemes are developed: one is omniscient pricing for which the transportation administrative agency is...

Persistent link: https://www.econbiz.de/10005747960

Incremental Accessibility Benefits and HOT Lane Subscription Choice

Owen, Andrew; Levinson, David - Networks, Economics and Urban Systems Research Group … - 2013

This paper presents the results of an investigation into the factors contributing to toll lane subscription choice using data from the MnPASS HOT lane system operated by the Minnesota Department of Transportation. A binomial logit model is estimated which predicts the likelihood that a household...

Persistent link: https://www.econbiz.de/10010684847