Continuous price and flow dynamics of tradable mobility credits with price regulation

H. Ye, H. Yang

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

Ye and Yang (2013) discussed the price and flow dynamics of tradable mobility credits in a general network. The violation of feasibility condition and instability of the credit price may arise when the time horizon is not long enough. To solve these problems, this paper introduces the price regulation method and models the dynamics of price and flow under the price regulation. Under some mild and reasonable conditions, the equilibrium state under price regulation is the same as the original one in Ye and Yang (2013). A numerical example is also used to elucidate our result.

Original languageEnglish
Title of host publicationProceedings of the 18th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2013 - Travel Behaviour and Society
PublisherHong Kong Society for Transportation Studies Limited
Pages427-436
Number of pages10
ISBN (Print)9789881581426
Publication statusPublished - Dec 2013
Externally publishedYes
Event18th International Conference of Hong Kong Society for Transportation Studies on Travel Behaviour and Society, HKSTS 2013 - Hong Kong, Hong Kong
Duration: 14 Dec 201316 Dec 2013

Publication series

NameProceedings of the 18th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2013 - Travel Behaviour and Society

Conference

Conference18th International Conference of Hong Kong Society for Transportation Studies on Travel Behaviour and Society, HKSTS 2013
Country/TerritoryHong Kong
CityHong Kong
Period14/12/1316/12/13

Keywords

  • Day-to-day dynamics
  • Price and flow evolution
  • Price regulation
  • Tradable credits

ASJC Scopus subject areas

  • Transportation

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