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A novel peer-to-peer congestion pricing marketplace enabled by vehicle-automation

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  • Le Vine, Scott
  • Polak, John

Abstract

This paper proposes a novel concept of congestion pricing based on voluntary peer-to-peer exchange of money between motorists in exchange for one ceding priority to another in a traffic stream. While in the classical congestion charging paradigm payments are compulsory and flow only towards the system operator, in the proposed marketplace participation is voluntary and motorists directly compensate each other. A particular motorist may find that he/she is a ‘payer’ at certain points in a given journey and a ‘payee’ at others.

Suggested Citation

  • Le Vine, Scott & Polak, John, 2016. "A novel peer-to-peer congestion pricing marketplace enabled by vehicle-automation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 483-494.
    • Handle: RePEc:eee:transa:v:94:y:2016:i:c:p:483-494
    DOI: 10.1016/j.tra.2016.10.009
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    References listed on IDEAS

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    Cited by:

    1. Prateek Bansal & Rohan Shah & Stephen D. Boyles, 2018. "Robust network pricing and system optimization under combined long-term stochasticity and elasticity of travel demand," Transportation, Springer, vol. 45(5), pages 1389-1418, September.
    2. Michael W. Levin, 2019. "A Combinatorial Dynamic Network Trajectory Reservation Algorithm for Connected Autonomous Vehicles," Networks and Spatial Economics, Springer, vol. 19(1), pages 27-55, March.
    3. Talebian, Ahmadreza & Mishra, Sabyasachee, 2022. "Unfolding the state of the adoption of connected autonomous trucks by the commercial fleet owner industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    4. Marletto, Gerardo, 2019. "Who will drive the transition to self-driving? A socio-technical analysis of the future impact of automated vehicles," Technological Forecasting and Social Change, Elsevier, vol. 139(C), pages 221-234.

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