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Introducing and testing a game-theoretic model for a lottery-based metering system in Minneapolis, United States

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  • Olarte, Rafael
  • Haghani, Ali

Abstract

This paper is part of an ongoing research that analyzes the feasibility of implementing “buyout” auctions for metering traffic inflow at special use lanes (such as high-occupancy/toll lanes). The term “buyout” refers to the fact that these games allow skipping the auction by paying a price. The ongoing research suggests that high consideration needs to be put on the road design before developing a game-theoretic model. It also suggests that from an operations point of view, if a “buyout lottery” system can be implemented successfully, then its conversion to a buyout auction system becomes straightforward. Therefore, this paper aims at: (1) testing a buyout lottery-based metering (LBM) system in a real case scenario, and (2) introducing a game-theoretic model that recommends to its users the strategy to adopt when deciding between paying the toll or playing the lottery.

Suggested Citation

  • Olarte, Rafael & Haghani, Ali, 2018. "Introducing and testing a game-theoretic model for a lottery-based metering system in Minneapolis, United States," Transport Policy, Elsevier, vol. 62(C), pages 63-78.
    • Handle: RePEc:eee:trapol:v:62:y:2018:i:c:p:63-78
    DOI: 10.1016/j.tranpol.2017.03.007
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    References listed on IDEAS

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