Title :
The Social Welfare for the Separable Road Toll Function
Author_Institution :
Dept. of Financial & Econ., Chongqing Jiaotong Univ., Chongqing, China
Abstract :
This paper considers a congested bottleneck, where some travelers are given priority and other travelers can use the reserverd capacity when it is not used. In this paper, a quasiconcave function of the scheduling utility is considered, which is weaker than a strictly concave function used by Mogens Fosgerau (2011). Furthermore, this paper proves that the socially optimal fast lane scheme for the separable toll function obtains more than half the social welfare for the optimal continuously time varying toll, which generalizes the results in Mogens Fosgerau (2011).
Keywords :
road pricing (tolls); scheduling; transportation; congested bottleneck; quasiconcave function; reserverd capacity; scheduling utility; separable road toll function; separable toll function; social welfare; socially optimal fast lane scheme; strictly concave function; time varying toll; Economics; Educational institutions; Equations; Nash equilibrium; Roads; Schedules; separable road toll functions; social welfare; toll road; traffic networks;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2012 Fifth International Joint Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4673-1365-0
DOI :
10.1109/CSO.2012.120