4.7 Article

Decentralizing Pareto-efficient network flow/speed patterns with hybrid schemes of speed limit and road pricing

Publisher

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.tre.2015.08.004

Keywords

Speed limit; Road pricing; Emission; Bi-objective; Pareto-efficient

Funding

  1. Hong Kong's Research Grants Council [HKUST620910E]
  2. National Natural Science Foundation of China [71428001, 71401102]

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This paper examines the potential of hybrid schemes of speed limit and road pricing for decentralizing Pareto-efficient flow/speed patterns that minimize total travel time and total emissions simultaneously. Both link flows and speeds are treated as independent variables in our bi-objective formulation. The resulting Pareto frontier is thus weakly dominant to that in previous literature. For any such favorable Pareto-efficient flow and speed pattern, we establish the existence of hybrid schemes of speed limits and non-negative/revenue-neutral tolls, whose set of user equilibrium (UE) solutions contains the Pareto-efficient one, and provide sufficient conditions under which the Pareto-efficient solution can be certainly obtained. (C) 2015 Elsevier Ltd. All rights reserved.

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