Tradable mobility permits in roadway capacity allocation: Review and appraisal

Fan, Wenbo; Jiang, Xinguo

doi:10.1016/j.tranpol.2013.09.002

Cited by 83 publications

(46 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The TP approach was first proposed by Dales (1968) targeting water pollution control, and it is now abounding in the realm of environmental policy and transportation emission control. In the field of transport capacity allocation, early implementation of the tradable credit/permit approach can be found in the researches of airport slot allocation, which particularly aim to improve the efficiency of runway use (Fan, et al 2013). Specific applications of the TP approach in managing road network mobility can be traced back to Goddard (1997) and Verhoef et al (1997), followed by a series of important contributions, including Viegas (2001), Kockelman and Kalmanje (2005), Akamatsu (2007), Raux (2007), Gulipalli and Kockelman (2008), Wada and Akamatsu (2008, 2010), Fiorello et al (2010, Yang and Wang (2011).…”

Section: The Development Of Tradable Creditsmentioning

confidence: 99%

Tradable Credit Schemes in Managing Network Mobility: Brief Review and New Developments

et al. 2014

View full text Add to dashboard Cite

Tradable mobility credit (TMC) schemes are proposed as an innovative way of managing network mobility by Yang and Wang since 2011. In the past three years, we have witnessed the development of a vast, growing body of research focused on formulation and solution procedures for tradable credit schemes. In this paper, we present a comprehensive review on a variety of tradable credit schemes. First, we explore the development of tradable credit schemes and summarize the characteristics of tradable credits schemes with respect to qualitative properties, mathematical models and theoretical properties. Then, we investigate the variants of tradable credit schemes from 12 perspectives. Finally, we make concluding remarks and offer some perspectives for future research.

show abstract

Section: The Development Of Tradable Creditsmentioning

confidence: 99%

Tradable Credit Schemes in Managing Network Mobility: Brief Review and New Developments

et al. 2014

View full text Add to dashboard Cite

show abstract

“…To correct the shortcomings of a pure LPR policy, some new joint policies were developed, such as coupling the LPR with auto ownership control and turning the driving permits into tradable credits [1]. Tradable credit schemes (TCSs), as a new measure of traffic demand management, have attracted more and more attentions over the past few years [8]. In general, under a TCS, travellers who want to use the roadway resources will have to pay credits, rather than to pay tolls or tax in congestion pricing (CP).…”

Section: Introductionmentioning

confidence: 99%

“…finding potential traders), price negotiations, drawing up a contract and inspecting trade under contract terms, and so on. Fan and Jiang [8] and Nie [7] indicated that the transaction cost of TCS is associated with how the credits are delineated (e.g. trip-based and link-based or universal) and collected on roads, and it could be so considerable to prevent a trading market from working.…”

Section: Introductionmentioning

confidence: 99%

Does driving-day-based tradable credit scheme outperform license plate rationing? Examination considering transaction cost

2019

Self Cite

View full text Add to dashboard Cite

This article models a novel driving-day-based tradable credit scheme (DD-TCS) to alleviate urban traffic congestion. In this model, car-using allowances (in terms of the number of days in a month, termed as ''credit'') are freely and uniformly allocated to all travellers, who are also allowed to trade them in a market according to his/her travel needs (e.g. driving more or fewer days than the free endowment). As opposed to most studies on TCS, this paper explicitly considers the transaction cost (e.g. information cost of finding potential traders) in the trading market. To assess the feasibility of DD-TCS, we compare it against the license plate rationing (LPR) scheme, which has been practically implemented in many cities such as Beijing and Chengdu in China. Taking the performance of LPR as a benchmark, we quantify the threshold values of the transaction cost in DD-TCS when the two schemes yield equivalent performance (in terms of the total generalized cost). In numerical studies, we also compare the DD-TCS and LPR with the no-action case and the congestion pricing case (representing the theoretical optimum). Results show that both DD-TCS and LPR outperform the no-action case under certain conditions. With small transaction cost, DD-TCS may achieve a lower system cost that can be very close to the ideal optimum. In addition, parameter analysis shows that DD-TCS performs better than LPR in a wide range of transaction cost, where the threshold values appear to account for a considerable portion of the auto travel time. This implies that DD-TCS will be more appealing than LPR in practice because a transaction cost lower than the extremely large threshold values can be easily achieved for the trading market, e.g. via a mobile platform and modern communication techniques.Does driving-day-based tradable credit scheme outperform license plate rationing?… 199 123

show abstract

“…However, the tradable credits scheme appears to be a promising policy tool for mobility management and has received increasing attention in recent years, as demonstrated in some recent review papers, i.e. Fan and Jiang (2013), Grant-Muller and Xu (2014) and Dogterom, Ettema and Dijst (2017), where Fan and Jiang (2013) provided a comparative summary of different TCSs, Grant-Muller and Xu (2014) investigated to what extent in existing literature suggest TCS could be feasibly implemented with the target of road traffic congestion management, and Dogterom, Ettema and Dijst (2016) presented a review on the empirical studies on TCS and behavioural concepts and theories from the fields of behavioural economics and cognitive psychology that they considered these are relevant to account for decision-making with TCS and impact of TCS on personal car travel.…”

Section: Introductionmentioning

confidence: 99%

Effects of a tradable credits scheme on mobility management: A household utility based approach incorporating travel money and travel time budgets

Mussone

Grant-Muller

2018

Case Studies on Transport Policy

View full text Add to dashboard Cite

ReuseThis article is distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) licence. This licence only allows you to download this work and share it with others as long as you credit the authors, but you can't change the article in any way or use it commercially. More information and the full terms of the licence here: https://creativecommons.org/licenses/ Takedown If you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing eprints@whiterose.ac.uk including the URL of the record and the reason for the withdrawal request. Accepted ManuscriptTitle: Effects of a tradable credits scheme on mobility management: a household utility based approach incorporating travel money and travel time budgets This is a PDF Þle of an unedited manuscript that has been accepted for publication. As a service to our customers we are providing this early version of the manuscript. The manuscript will undergo copyediting, typesetting, and review of the resulting proof before it is published in its Þnal form. Please note that during the production process errors may be discovered which could affect the content, and all legal disclaimers that apply to the journal pertain.Effects of a tradable credits scheme on mobility management: a household utility based approach incorporating travel money and travel time budgets Effects of a tradable credits scheme on mobility management: a household utility based approach incorporating travel money and travel time budgets Abstract:We investigate the influence of a new mobility management measure, the tradable credits scheme (TCS), on the daily travel mode choices of individuals. Generally, we assume the individuals" travel consists of different modes, e.g. private car mode and mass transit mode. In order to control the rapid increase in use of the private car mode in an area, policy makers may wish to implement a TCS basing on the vehicle kilometre travelled (VKT). The effects of the TCS are investigated in this paper based on a utility-theory travel demand model proposed by Golob et al. (1981), a household utility based model incorporating proposed travel money and travel time budgets. The empirical investigation is based on comparison studies of the short-term response and long-term effects with and without TCS. It finds that the implementation of TCS has not a clear impact to the value of time of household in the short-term, and the presence of TCS does not affect the linear relationship between travel time budget and travel money budget over long term. Numerical results demonstrate that the TCS will affect the travel distance of the available transport modes differentially, according to different levels of annual household income.

show abstract

Tradable mobility permits in roadway capacity allocation: Review and appraisal

Cited by 83 publications

References 34 publications

Tradable Credit Schemes in Managing Network Mobility: Brief Review and New Developments

Tradable Credit Schemes in Managing Network Mobility: Brief Review and New Developments

Does driving-day-based tradable credit scheme outperform license plate rationing? Examination considering transaction cost

Effects of a tradable credits scheme on mobility management: A household utility based approach incorporating travel money and travel time budgets

Contact Info

Product

Resources

About