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Title: Decongestion of Urban Areas with Hotspot Pricing
Author: Solé Ribalta, Albert
Gómez Jiménez, Sergio
Arenas Moreno, Àlex
Issue Date: 12-Aug-2018
Publisher: Networks and Spatial Economics
Citation: Solé-Ribalta, A., Gómez, S., & Arenas, A. (2018). Decongestion of urban areas with hotspot pricing. Networks and Spatial Economics, 18(1), 33-50. doi:10.1007/s11067-017-9349-y
Also see: http://arxiv.org/pdf/1604.07729
Abstract: The rapid growth of population in urban areas is jeopardizing the mobility and air quality worldwide. One of the most notable problems arising is that of traffic congestion which in turn affects air pollution. With the advent of technologies able to sense real-time data about cities, and its public distribution for analysis, we are in place to forecast scenarios valuable to ameliorate and control congestion. Here, we analyze a local congestion pricing scheme, hotspot pricing, that surcharges vehicles traversing congested junctions. The proposed tax is computed from the estimation of the evolution of congestion at local level, and the expected response of users to the tax (elasticity). Results on cities¿ road networks, considering real-traffic data, show that the proposed hotspot pricing scheme would be more effective than current mechanisms to decongest urban areas, and paves the way towards sustainable congestion in urban areas.
Language: English
URI: http://hdl.handle.net/10609/93317
ISSN: 1566-113XMIAR

1572-9427MIAR
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