Equilibrium predictions in transportation markets: The state of the art

The task of predicting the short run equilibrium of a transportation market is central to the study of many transportation problems. In this paper we review the different approaches and methodologies that have been proposed to deal with the equilibrium problem in transportation markets. The problem is formulated in the most general way possible and its fundamental characteristics are analyzed. Then, different mathematical characterizations of transportation market and traffic flow equilibrium in networks are reviewed. Various available results are presented and analyzed. Finally, a discussion is given of alternative computational procedures for dealing with multiclass problems.