Optimal cordon pricing in a non-monocentric city |
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| Institution: | 1. Consiglio Nazionale delle Ricerche, Istituto di Calcolo e Reti ad Alte Prestazioni, via P. Bucci, Rende, Italy;2. Interuniversity Research Centre on Enterprise Networks, Logistics and Transportation (CIRRELT), Canada;3. Università della Calabria, Dipartimento di Ingegneria Informatica, Modellistica, Elettronica e Sistemistica, via P. Bucci, Rende, Italy;4. HEC Montréal, 3000 chemin de la Côte-Sainte-Catherine, Montréal H3T 2A7, Canada;1. College of Computer Science and Technology, Jilin University, Changchun 130012, China;2. College of Software, Northeast Normal University, Changchun 130012, China |
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| Abstract: | This paper examines the effect of cordon pricing based on an urban spatial model of a non-monocentric city where trips may occur between any pair of locations in the city. The model describes the spatial distribution of trip demand and traffic congestion under alternative pricing schemes. We evaluate the efficiency of resource allocation by comparing three schemes: no-toll equilibrium, first-best optimum, and optimal cordon pricing. Optimal cordon pricing is defined as a combination of cordon location and toll level that maximizes the social surplus in a city. Simulations show that cordon pricing is not always effective for congestion management: cordon pricing tends to be effective as the urban structure is more monocentric. |
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