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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

owner/operators to explore the welfare consequence of price competition, capacity choice, and product differentiation on … congested transportation networks. Component models include: (1) An agent-based travel demand model wherein each traveler has … literature, this agent-based model is applicable to pricing and investment analyses on large complex networks. The subsequent …

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, practitioners, and policy-makers who seek to implement new mechanisms to raise funds for transportation while simultaneously managing demand. The theoretical literature is mixed, as...

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 …-player game (for N less than 8) and find Nash equilibria if they exist. This model is compared to the bottleneck model. The …

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

-serial networks, and develops an analytical network model. We discuss properties of long-run network equilibria with different network …

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

system is developed which integrates an equilibrated travel demand, route choice, and travel time model with a repeated game …

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 …

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

using data from the MnPASS HOT lane system operated by the Minnesota Department of Transportation. A binomial logit model is … characteristics of the surrounding area. Variables in this model include demographic factors as well as an estimate of the incremental … accessibility benefit provided by the MnPASS system. This benefit is estimated using detailed accessibility calculations. The model …

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