Optimal pricing strategies for competitive transport modes

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Abstract

This paper explores optimal pricing strategies for competitive transport modes, using logit-based stochastic user equilibrium (SUE) models. To consider a simplified network that contains a transit link and a parallel highway, various pricing strategies are devised to improve the net social benefit. It is demonstrated that how social optimum can be achieved by optimal pricing strategies in a competitive transport system with elastic travel demand. The proposed models are illustrated and discussed with numerical examples.

Original languageEnglish
Title of host publicationTraffic and Transportation Studies 2002 - Proceedings of the 3rd International Conference on Traffic and Transportation Studies, ICTTS 2002
Pages1488-1495
Number of pages8
StatePublished - 2002
Event3rd International Conference on Traffic and Transportation Studies, ICTTS 2002 - Guilin, China
Duration: 23 Jul 200225 Jul 2002

Publication series

NameProceedings of the Conference on Traffic and Transportation Studies, ICTTS

Conference

Conference3rd International Conference on Traffic and Transportation Studies, ICTTS 2002
Country/TerritoryChina
CityGuilin
Period23/07/0225/07/02

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