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Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering
Joint Authors
Wu, Jianjun
Wang, Wei
Gao, Ge
Wang, Tao
Liu, Xinmin
Liu, Haiqing
Wang, Zhen
Du, Haoming
Sun, Huijun
Source
Mathematical Problems in Engineering
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-01-13
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
This paper tries to explore a more applicable tradable credit scheme for managing network mobility from the angle of marginal cost pricing.
The classic mathematical model-Cobweb model is used to analyze the stability of credit price.
It is found that credit price is not always convergent in the trading market.
It will show convergence, divergence, two-period simple behaviors, and even more complex dynamic behaviors, such as cycle movements and chaos.
Considering the applicability and public goods character of tradable credits scheme, one public pricing mechanism- marginal cost pricing is explored.
Analytical investigations and the numerical simulation of a particular case with linear demand and supply indicate that marginal cost pricing is an effective, sustainable, and socially feasible manner in managing the demand for car travel.
American Psychological Association (APA)
Gao, Ge& Liu, Xinmin& Sun, Huijun& Wu, Jianjun& Liu, Haiqing& Wang, Wei…[et al.]. 2019. Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering. Mathematical Problems in Engineering،Vol. 2019, no. 2019, pp.1-10.
https://search.emarefa.net/detail/BIM-1197664
Modern Language Association (MLA)
Gao, Ge…[et al.]. Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering. Mathematical Problems in Engineering No. 2019 (2019), pp.1-10.
https://search.emarefa.net/detail/BIM-1197664
American Medical Association (AMA)
Gao, Ge& Liu, Xinmin& Sun, Huijun& Wu, Jianjun& Liu, Haiqing& Wang, Wei…[et al.]. Marginal Cost Pricing Analysis on Tradable Credits in Traffic Engineering. Mathematical Problems in Engineering. 2019. Vol. 2019, no. 2019, pp.1-10.
https://search.emarefa.net/detail/BIM-1197664
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1197664