@inproceedings{bc514321cb3b456faf01c3afa2d32904,
title = "Day-to-day price and flow dynamics of tradable mobility credits with elastic demand",
abstract = "This paper carries on the work in Ye and Yang (2012) and considers a day-to-day evolution model of price and perceived travel time with elastic demand. We discuss the existence and uniqueness condition of a continuous evolution model, which is set up based on the discrete evolution process considering travelers' behavior, demand elasticity as well as the impact of excess credit demand on credit price. The stability and convergence of the equilibrium state under infinite time horizon is illustrated by a numerical example.",
keywords = "Day-to-day dynamics, Elastic demand, Price and flow evolution, Stability and convergence, Tradable credits",
author = "Hongbo Ye and Hai Yang",
year = "2012",
month = dec,
language = "English",
isbn = "9789881581419",
series = "Proceedings of the 17th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2012: Transportation and Logistics Management",
pages = "307--314",
booktitle = "Proceedings of the 17th International Conference of Hong Kong Society for Transportation Studies, HKSTS 2012",
note = "17th International Conference of Hong Kong Society for Transportation Studies: Transportation and Logistics Management, HKSTS 2012 ; Conference date: 15-12-2012 Through 17-12-2012",
}