IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v30y2013icp132-142.html
   My bibliography  Save this article

Tradable mobility permits in roadway capacity allocation: Review and appraisal

Author

Listed:
  • Fan, Wenbo
  • Jiang, Xinguo

Abstract

The paper presents a comprehensive review on a variety of tradable mobility permits (TMP) schemes that are proposed as an innovative way of allocating roadway capacity. The study develops a comparative analysis and a qualitative evaluation to identify the similarities and variations among various TMP schemes. The paper summarizes both the strength and the weakness of different TMP schemes with respect to congestion reduction, market mechanism, and equity issues. A comparison between three typical TMP schemes and congestion pricing (CP) yields the following main conclusions: (i) there is no general superiority between the TMP schemes and the CP; (ii) various TMP schemes are unlikely to be combined into a general one, and should be separately designed for the particular objective and application condition; and (iii) different TMP schemes have different parts to be emphasized in the system design. The paper points out the implications for designs of pragmatic TMP schemes and the future research.

Suggested Citation

  • Fan, Wenbo & Jiang, Xinguo, 2013. "Tradable mobility permits in roadway capacity allocation: Review and appraisal," Transport Policy, Elsevier, vol. 30(C), pages 132-142.
    • Handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:132-142
    DOI: 10.1016/j.tranpol.2013.09.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0967070X13001352
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tranpol.2013.09.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ieromonachou, Petros & Potter, Stephen & Warren, James P., 2006. "Evaluation of the implementation process of urban road pricing schemes in the United Kingdom and Italy," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 32, pages 49-68.
    2. AndrÊ de Palma & Robin Lindsey, 2000. "Private toll roads: Competition under various ownership regimes," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 34(1), pages 13-35.
    3. Viegas, José M., 2001. "Making urban road pricing acceptable and effective: searching for quality and equity in urban mobility," Transport Policy, Elsevier, vol. 8(4), pages 289-294, October.
    4. Raux, Charles & Marlot, Grégoire, 2005. "A system of tradable CO2 permits applied to fuel consumption by motorists," Transport Policy, Elsevier, vol. 12(3), pages 255-265, May.
    5. Newell, Richard G. & Sanchirico, James N. & Kerr, Suzi, 2005. "Fishing quota markets," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 437-462, May.
    6. Yandle, Tracy, 2003. "The challenge of building successful stakeholder organizations: New Zealand's experience in developing a fisheries co-management regime," Marine Policy, Elsevier, vol. 27(2), pages 179-192, March.
    7. Starkie, David, 1998. "Allocating airport slots: a role for the market?," Journal of Air Transport Management, Elsevier, vol. 4(2), pages 111-116.
    8. Gulipalli, Pradeep K. & Kockelman, Kara M., 2008. "Credit-based congestion pricing: A Dallas-Fort Worth application," Transport Policy, Elsevier, vol. 15(1), pages 23-32, January.
    9. Wong, Jinn-Tsai, 1997. "Basic concepts for a system for advance booking for highway use," Transport Policy, Elsevier, vol. 4(2), pages 109-114, April.
    10. Charles Raux & Stéphanie Souche, 2004. "The Acceptability of Urban Road Pricing: A Theoretical Analysis Applied to Experience in Lyon," Journal of Transport Economics and Policy, University of Bath, vol. 38(2), pages 191-215, May.
    11. Tom Tietenberg, 1994. "Economics and Environmental Policy," Books, Edward Elgar Publishing, number 427.
    12. J. H. Dales, 1968. "Land, Water, and Ownership," Canadian Journal of Economics, Canadian Economics Association, vol. 1(4), pages 791-804, November.
    13. Charles Raux, 2007. "Tradable driving rights in urban areas: their potential for tackling congestion and traffic-related pollution," Working Papers halshs-00185012, HAL.
    14. Edwin Buitelaar & Rob Van der Heijden & Raffael Argiolu, 2007. "Managing Traffic by Privatization of Road Capacity: A Property Rights Approach," Transport Reviews, Taylor & Francis Journals, vol. 27(6), pages 699-713, January.
    15. Thomas H. Tietenberg, 1980. "Transferable Discharge Permits and the Control of Stationary Source Air Pollution: A Survey and Synthesis," Land Economics, University of Wisconsin Press, vol. 56(4), pages 391-416.
    16. Yang, Hai & Wang, Xiaolei, 2011. "Managing network mobility with tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 45(3), pages 580-594, March.
    17. Wang, Xiaolei & Yang, Hai & Zhu, Daoli & Li, Changmin, 2012. "Tradable travel credits for congestion management with heterogeneous users," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(2), pages 426-437.
    18. Charles Raux, 2002. "The Use of Transferable Permits in the Transport Sector," Post-Print halshs-00080454, HAL.
    19. S.J. Rassenti & V.L. Smith & R.L. Bulfin, 1982. "A Combinatorial Auction Mechanism for Airport Time Slot Allocation," Bell Journal of Economics, The RAND Corporation, vol. 13(2), pages 402-417, Autumn.
    20. DeCorla-Souza, Patrick, 2006. "Implementing Congestion Pricing on Metropolitan Highway Networks with Self-Financing Public- Private Partnerships," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 45(1).
    21. E Verhoef & P Nijkamp & P Rietveld, 1997. "Tradeable Permits: Their Potential in the Regulation of Road Transport Externalities," Environment and Planning B, , vol. 24(4), pages 527-548, August.
    22. Cameron Hepburn, 2006. "Regulation by Prices, Quantities, or Both: A Review of Instrument Choice," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(2), pages 226-247, Summer.
    23. DeCorla-Souza, Patrick, 2010. "Creating a Financially Feasible, Sustainable, High Performance Metropolitan Transportation System," 51st Annual Transportation Research Forum, Arlington, Virginia, March 11-13, 2010 207241, Transportation Research Forum.
    24. Wang, Michael Q, 1994. "Cost savings of using a marketable permit system for regulating light-duty vehicle emissions," Transport Policy, Elsevier, vol. 1(4), pages 221-232, October.
    25. Charles Raux, 2004. "The Use of Transferable Permits in Transport Policy," Post-Print halshs-00067895, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dogterom, Nico & Ettema, Dick & Dijst, Martin, 2018. "Behavioural effects of a tradable driving credit scheme: Results of an online stated adaptation experiment in the Netherlands," Transportation Research Part A: Policy and Practice, Elsevier, vol. 107(C), pages 52-64.
    2. Charles Raux, 2008. "Tradable driving rights in urban areas: their potential for tackling congestion and traffic-related pollution," Post-Print halshs-00185012, HAL.
    3. Ren-Yong Guo & Hai Yang & Hai-Jun Huang & Zhijia Tan, 2016. "Day-to-Day Flow Dynamics and Congestion Control," Transportation Science, INFORMS, vol. 50(3), pages 982-997, August.
    4. Dao-Li Zhu & Hai Yang & Chang-Min Li & Xiao-Lei Wang, 2015. "Properties of the Multiclass Traffic Network Equilibria Under a Tradable Credit Scheme," Transportation Science, INFORMS, vol. 49(3), pages 519-534, August.
    5. Wada, Kentaro & Akamatsu, Takashi, 2013. "A hybrid implementation mechanism of tradable network permits system which obviates path enumeration: An auction mechanism with day-to-day capacity control," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 60(C), pages 94-112.
    6. Gao, Ge & Sun, Huijun & Wu, Jianjun & Liu, Xinmin & Chen, Weiya, 2018. "Park-and-ride service design under a price-based tradable credits scheme in a linear monocentric city," Transport Policy, Elsevier, vol. 68(C), pages 1-12.
    7. Nie, Yu (Marco) & Yin, Yafeng, 2013. "Managing rush hour travel choices with tradable credit scheme," Transportation Research Part B: Methodological, Elsevier, vol. 50(C), pages 1-19.
    8. Yang, Hai & Wang, Xiaolei, 2011. "Managing network mobility with tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 45(3), pages 580-594, March.
    9. Ren-Yong Guo & Hai-Jun Huang & Hai Yang, 2019. "Tradable Credit Scheme for Control of Evolutionary Traffic Flows to System Optimum: Model and its Convergence," Networks and Spatial Economics, Springer, vol. 19(3), pages 833-868, September.
    10. Cui, Shuang & Tian, Lijun & Xu, Yan & Wang, Yacan, 2024. "Measuring acceptance of tradable credit scheme and its effect on behavioral intention through theory of planned behavior," Transport Policy, Elsevier, vol. 150(C), pages 174-188.
    11. Ghafelebashi, Ali & Razaviyayn, Meisam & Dessouky, Maged, 2021. "Congestion Reduction via Personalized Incentives," Institute of Transportation Studies, Working Paper Series qt5b82168n, Institute of Transportation Studies, UC Davis.
    12. Dogterom, Nico & Ettema, Dick & Dijst, Martin, 2018. "Activity-travel adaptations in response to a tradable driving credits scheme," Transport Policy, Elsevier, vol. 72(C), pages 79-88.
    13. Wang, Xiaolei & Yang, Hai & Zhu, Daoli & Li, Changmin, 2012. "Tradable travel credits for congestion management with heterogeneous users," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(2), pages 426-437.
    14. Krabbenborg, Lizet & van Langevelde-van Bergen, Chris & Molin, Eric, 2021. "Public support for tradable peak credit schemes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 145(C), pages 243-259.
    15. Provoost, Jesper & Cats, Oded & Hoogendoorn, Serge, 2023. "Design and classification of tradable mobility credit schemes," Transport Policy, Elsevier, vol. 136(C), pages 59-69.
    16. Charles Raux, 2011. "Downstream Emissions Trading for Transport," Transportation Research, Economics and Policy, in: Werner Rothengatter & Yoshitsugu Hayashi & Wolfgang Schade (ed.), Transport Moving to Climate Intelligence, chapter 0, pages 209-226, Springer.
    17. Bao, Yue & Verhoef, Erik T. & Koster, Paul, 2019. "Regulating dynamic congestion externalities with tradable credit schemes: Does a unique equilibrium exist?," Transportation Research Part B: Methodological, Elsevier, vol. 127(C), pages 225-236.
    18. Xiao, Feng & Qian, Zhen (Sean) & Zhang, H. Michael, 2013. "Managing bottleneck congestion with tradable credits," Transportation Research Part B: Methodological, Elsevier, vol. 56(C), pages 1-14.
    19. Siyu Chen & Ravi Seshadri & Carlos Lima Azevedo & Arun P. Akkinepally & Renming Liu & Andrea Araldo & Yu Jiang & Moshe E. Ben-Akiva, 2021. "Market Design for Tradable Mobility Credits," Papers 2101.00669, arXiv.org, revised Sep 2022.
    20. Charles Raux, 2009. "Umweltzertifikate im Verkehrsbereich," Post-Print halshs-01735915, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:132-142. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.