Optimal dynamic pricing strategies for high-occupancy/toll lanes

2011 ◽  
Vol 19 (1) ◽  
pp. 64-74 ◽  
Author(s):  
Yingyan Lou ◽  
Yafeng Yin ◽  
Jorge A. Laval
Keyword(s):  
Dynamic Pricing ◽  
Pricing Strategies ◽  
Toll Lanes ◽  
Optimal Dynamic ◽  
High Occupancy Toll Lanes ◽  
High Occupancy Toll

scholarly journals Choice of High Occupancy/Toll Lanes under Alternative Pricing Strategies

2018 ◽  
Vol 2672 (5) ◽  
pp. 12-22
Author(s):  
Michael Janson ◽  
David Levinson
Keyword(s):  
Potential Effect ◽  
Time Of Day ◽  
General Purpose ◽  
Equilibrium Analysis ◽  
Demand Elasticity ◽  
Pricing Strategies ◽  
Toll Lanes ◽  
Hot Lanes ◽  
High Occupancy Toll Lanes ◽  
High Occupancy Toll

High occupancy/toll (HOT) lanes typically vary tolls charged to single occupant vehicles, with the toll increasing during congested periods. The toll is usually tied to time of day or to the density of vehicles in the HOT lane. The purpose of raising the toll with congestion is to discourage demand sufficiently to maintain travel speeds in the HOT lane. However, it has been demonstrated that the HOT toll may act as a signal of downstream congestion (in both general purpose (GP) and HOT lanes), causing an increase in demand for the HOT lane, at least at lower prices. This paper develops a model of lane choice to evaluate alternative HOT lane pricing strategies, including the use of GP density, to more accurately reflect the value of the HOT lane. In addition, the paper explores the potential effect these strategies would have on the HOT lane vehicle share through a partial equilibrium analysis. This analysis demonstrates the change in demand elasticity with price, showing the point at which drivers switch from a positive to negative elasticity.

scholarly journals On the Impact of HOT Lane Tolling Strategies on Total Traffic Level

2012 ◽  
Vol 48 (3) ◽  
Author(s):  
Soheil Sibdari ◽  
Mansoureh Jeihani
Keyword(s):  
Numerical Analysis ◽  
Dynamic Pricing ◽  
User Equilibrium ◽  
Pricing Strategies ◽  
Peak Period ◽  
Dynamic Strategy ◽  
Traffic Level ◽  
The Right ◽  
The Impact ◽  
High Occupancy Toll

This paper shows how tolling (or pricing) strategies can be used to control the congestion levels of both untolled and high occupancy toll (HOT) lanes. Using a user-equilibrium method, the paper calculates the number of travelers on each route during the peak period and provides a numerical analysis that determines the distribution of travelers for different tolling strategies. It shows that with the right tolling strategy some travelers who initially plan to use the untolled lane during the peak period will change both their routes (i.e., select the HOT lane) and departure times (i.e., depart earlier or later). Using this result, the paper compares static and dynamic pricing strategies and shows that with a dynamic strategy a larger profit can be earned and congestion reduced in the untolled lane.

Effect of High-Occupancy Toll Lanes on Mass Vehicle Emissions

2009 ◽  
Vol 2123 (1) ◽  
pp. 88-96 ◽  
Author(s):  
David N. Kall ◽  
Randall L. Guensler ◽  
Michael O. Rodgers ◽  
Vishal S. Pandey
Keyword(s):  
Vehicle Emissions ◽  
Toll Lanes ◽  
High Occupancy Toll Lanes ◽  
High Occupancy Toll
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