Comparative Analysis of Economic Instruments in Intersection Operation: A User-Based Perspective

Lin, Dianchao; Jabari, Saif Eddin

doi:10.1109/itsc45102.2020.9294641

Cited by 8 publications

(5 citation statements)

References 18 publications

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“…The importance of such auctions is that drivers are able to define their Value of Time (VOT), as in [29,30]. Another important aspect is incentive compatibility, as analyzed in [31]. If a driver is not incentivized to adopt the system and to avoid cheating for personal gain against the overall system, then the system performance degrades; this aspect was considered in [32,33].…”

Section: Traffic Lights and Intersection Managementmentioning

confidence: 99%

Exploiting Traffic Light Coordination and Auctions for Intersection and Emergency Vehicle Management in a Smart City Mixed Scenario

Muzzini,

Montangero

2024

Sensors

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IoT (Internet-of-Things)-powered devices can be exploited to connect vehicles to smart city infrastructure, allowing vehicles to share their intentions while retrieving contextual information about diverse aspects of urban viability. In this paper, we place ourselves in a transient scenario in which next-generation vehicles that are able to communicate with the surrounding infrastructure coexist with traditional vehicles with limited or absent IoT capabilities. We focus on intersection management, in particular on reusing existing traffic lights empowered by a new management system. We propose an auction-based system in which traffic lights are able to exchange contextual information with vehicles and other nearby traffic lights with the aim of reducing average waiting times at intersections and consequently overall trip times. We use bid propagation to improve standard vehicle trip times while allowing emergency vehicles to free up the way ahead without needing ad hoc system for such vehicle, only an increase in their budget. The proposed system is then tested against two baselines: the classical Fixed Time Control system currently adopted for traffic lights, and an auction strategy that does not exploit traffic light coordination. We performed a large set of experiments using the well known MATSim transport simulator on both a synthetic Manhattan map and on a map we built of an urban area located in Modena, Northern Italy. Our results show that the proposed approach performs better than the classical fixed time control system and the auction strategy that does not exploit coordination among traffic lights.

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Section: Traffic Lights and Intersection Managementmentioning

confidence: 99%

Exploiting Traffic Light Coordination and Auctions for Intersection and Emergency Vehicle Management in a Smart City Mixed Scenario

Muzzini,

Montangero

2024

Sensors

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“…Recent years, rapid development in connected/automated vehicle technology and mobile payment has given rise to opportunities for reshaping the traffic system in the near future. Trade of road priority (TORP), which comes from the combination of connected/automated vehicle technology and mobile payment, has attracted the researchers' attention and been regarded as an effective way to improve the social welfare [1]. Specifically, it allows travelers to trade their road priority with a slight payment in real-time.…”

Section: Introductionmentioning

confidence: 99%

“…Some papers also apply credit schemes in intersection control. Unlike the network traffic management where the charged credits for using each link are determined by the government, in intersection control, the charged credits for passing the intersection are dynamically auctioned 1 by vehicles in real time [19].…”

Section: Introductionmentioning

confidence: 99%

“…The offered prices of vehicles for the priority (similar to the bids) are the key parameters for determining the winners and payments. 1 Although auction mechanism is used here, we call them credit schemes since it is the credit that is used to pay for the auctioned priority.…”

Section: Introductionmentioning

confidence: 99%

“…The main features of different schemes are summarized in Table 1. As we can see, 1) all economic schemes can be implemented in intersection control; 2) credit schemes have higher external costs for travelers than auction and direct-transaction schemes due to the time and money spent on credit tradings [1], [13]; and 3) both credit and direct-transaction schemes are revenue-neutral as their monetary transfers only happen among travelers, while auction schemes are not revenueneutral since they require the priority winners to pay the government. Note that schemes that are not revenue-neutral can be easily mistaken by the travelers as taxation tools and thus incur public resistance.…”

Section: Introductionmentioning

confidence: 99%

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Design and Comparative Analysis on Real-Time Trade of Road Priority in Connected Traffic

Lin

2022

IEEE Access

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New technologies present opportunities to re-think the real-time traffic operation. Trade of road priority using schemes such as auctions, credits, and direct-transactions, provides a novel way to better serve heterogeneous traffic demands in the future connected environment. Implementations of these schemes come with a common phenomenon called the network effect, meaning that the value of the scheme depends heavily on the percentage of travelers that subscribe to this scheme. To encourage travelers to be subscribers, the traffic operator needs to reasonably consider the treatments for both subscribers and outsiders, and have the knowledge of each scheme's impact on individuals and society. Only in this way can the government choose an appropriate scheme that will be accepted by the public. However, most existing studies simply assumed a 100% of subscribers and ignored the travelers' autonomy and smartness in choice behavior. Such neglect may easily render the economic schemes failed in practice due to public resistance or loss in subscribers. To fill up this research gap, this paper designs treatments to both subscribers and outsiders for different schemes in intersection operations. We investigate travelers' choice behaviors under different scenarios, and make comparative analysis about individual benefits, social benefit, and social equity between different schemes. The findings of this paper can support the government's decision on the system design of road priority trading.

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Dynamic traffic-aware auction-based signal control under vehicle to infrastructure communication

Iliopoulou¹,

Kampitakis²,

Κεπαπτσόγλου³

et al. 2022

Physica A: Statistical Mechanics and its Applications

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Comparative Analysis of Economic Instruments in Intersection Operation: A User-Based Perspective

Cited by 8 publications

References 18 publications

Exploiting Traffic Light Coordination and Auctions for Intersection and Emergency Vehicle Management in a Smart City Mixed Scenario

Exploiting Traffic Light Coordination and Auctions for Intersection and Emergency Vehicle Management in a Smart City Mixed Scenario

Design and Comparative Analysis on Real-Time Trade of Road Priority in Connected Traffic

Dynamic traffic-aware auction-based signal control under vehicle to infrastructure communication

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