Continuous price and flow dynamics of tradable mobility credits |
| |
| Institution: | 1. School of Business Administration, Southwestern University of Finance and Economics, PR China;2. Department of Civil and Environmental Engineering, The Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong, China;3. Institute for Transport Studies, University of Leeds, United Kingdom |
| |
| Abstract: | This study examines the price and flow dynamics under a tradable credit scheme, when the credits can be traded in a free market. A continuous dynamic model in a finite time horizon is proposed to describe the travelers’ learning behavior and the evolution of network flows and credit price, and then the existence and uniqueness of the equilibria are established. The conditions for stability and convergence of the dynamic system as the time horizon extends to infinity and the impact of limited implementation time horizon on the system behavior are investigated. |
| |
| Keywords: | Tradable credit scheme Dynamic system Equilibrium Convergence Stability |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
