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

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. Second-price 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.

arXiv comment6 pages, 8 figures, 6 tables, IEEE-ITSC2020

References in corpus (2)

• A Market-Inspired Approach for Intersection Management in Urban Road Traffic Networks
• Pay to change lanes: A cooperative lane-changing strategy for connected/automated driving

Cited by in corpus (1)

• Pay for Intersection Priority: A Free Market Mechanism for Connected Vehicles