Chapter
Jul 7, 2014
Toll Pricing with Elastic Demand and Heterogeneous Users
Authors: Shuaian Wang [email protected], Mark Harrison [email protected], and Michelle Dunbar [email protected]Author Affiliations
Publication: Vulnerability, Uncertainty, and Risk: Quantification, Mitigation, and Management
Abstract
We consider a general transportation network where travelers are categorized into classes according to their value-of-time (VOTs). The travel demand of each class in each origin-destination (OD) pair is a known decreasing function of the generalized travel cost to reflect different values of the trips. We give an economic interpretation of elastic demand with user heterogeneity. We further consider the first-best pricing problem with elastic demand with heterogeneous users. We show that such a nonnegative toll always exists, and finding such a toll is simple in that only a convex optimization problem needs to be solved.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Copyright
© 2014 American Society of Civil Engineers.
History
Published online: Jul 7, 2014
Permissions
Request permissions for this article.
ASCE Technical Topics:
- Benefit cost ratios
- Business management
- Chemical properties
- Chemistry
- Contracts and subcontracts
- Economic factors
- Elastic analysis
- Engineering fundamentals
- Environmental engineering
- Financial management
- Heterogeneity
- Infrastructure
- Models (by type)
- Optimization models
- Practice and Profession
- Pricing
- Structural analysis
- Structural engineering
- Tolls
- Traffic engineering
- Transportation engineering
- Transportation management
- Travel demand
Authors
Affiliations
School of Mathematics and Applied Statistics, University of Wollongong, Wollongong, NSW 2522. E-mail: [email protected]
SMART Infrastructure Facility, University of Wollongong, Wollongong, NSW 2522, Australia. E-mail: [email protected]
SMART Infrastructure Facility, University of Wollongong, Wollongong, NSW 2522, Australia. E-mail: [email protected]
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
Cited by
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.