Comparative Analysis of Economic Instruments in Intersection Operation: A User-Based Perspective

Dianchao Lin, Saif Eddin Jabari

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Focusing on different economic instruments implemented in intersection operations under a connected environment, this paper analyzes their advantages and disadvantages from the travelers' perspective. Travelers' concerns revolve around whether a new instrument is easy to learn and operate, whether it can save time or money, and whether it can reduce the rich-poor gap. After a comparative analysis, we found that both credit and free-market schemes can benefit users. Secondprice auctions can only benefit high VOT vehicles. From the perspective of technology deployment and adoption, a credit scheme is not easy to learn and operate for travelers.

Original languageEnglish (US)
Title of host publication2020 IEEE 23rd International Conference on Intelligent Transportation Systems, ITSC 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728141497
DOIs
StatePublished - Sep 20 2020
Event23rd IEEE International Conference on Intelligent Transportation Systems, ITSC 2020 - Rhodes, Greece
Duration: Sep 20 2020Sep 23 2020

Publication series

Name2020 IEEE 23rd International Conference on Intelligent Transportation Systems, ITSC 2020

Conference

Conference23rd IEEE International Conference on Intelligent Transportation Systems, ITSC 2020
CountryGreece
CityRhodes
Period9/20/209/23/20

Keywords

  • auction
  • benefit
  • connected vehicle
  • credit
  • economic instrument
  • intersection
  • operation
  • transaction
  • userbased

ASJC Scopus subject areas

  • Artificial Intelligence
  • Decision Sciences (miscellaneous)
  • Information Systems and Management
  • Modeling and Simulation
  • Education

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