Continuous price and flow dynamics of tradable mobility credits

Hongbo Ye, Hai Yang

Research output: Journal article publicationJournal articleAcademic researchpeer-review

49 Citations (Scopus)


This study examines the price and flow dynamics under a tradable credit scheme, when the credits can be traded in a free market. A continuous dynamic model in a finite time horizon is proposed to describe the travelers' learning behavior and the evolution of network flows and credit price, and then the existence and uniqueness of the equilibria are established. The conditions for stability and convergence of the dynamic system as the time horizon extends to infinity and the impact of limited implementation time horizon on the system behavior are investigated.

Original languageEnglish
Pages (from-to)436-450
Number of pages15
JournalTransportation Research Part B: Methodological
Publication statusPublished - Nov 2013


  • Convergence
  • Dynamic system
  • Equilibrium
  • Stability
  • Tradable credit scheme

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Transportation


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