The toll effect on price of anarchy when costs are nonlinear and asymmetric
MetadataShow full item record
We examine the efficiency of the optimal tolls by establishing the bound for the price of anarchy when the levied tolls are also considered as a part of the cost functions. For linear and nonlinear asymmetric cost functions, we prove that the price of anarchy of the system with tolls is lower than that without tolls. Furthermore, we show that the total disutility caused to the users by the tolls is bounded by a multiple of the original optimal system cost.
Showing items related by title, author, creator and subject.
Regan, M.; Smith, J.; Love, Peter (2017)© 2017 World Conference on Transport Research Society In the past fifteen years, Public Private Partnerships (PPPs) have emerged as the preferred procurement method for toll road construction and management in developed ...
Leviakangas, Pekka; Wigan, M.; Haapasalo, H. (2013)Purpose: The purpose of this paper is to investigate the returns to the investors and the state in private finance of road infrastructure. It uses an empirical case of the E4 Helsinki-Lahti road, which was built in 1995-1999 ...
Makate, Marshall ; Tait, Robert J; Whetton, Steve; Scollo, Michelle; Banks, Emily; Chapman, Janine; Dey, Tania; Halim, Suraya Abdul; McEntee, Alice; Muhktar, Aqif; Norman, Richard; Pidd, Ken; Roche, Ann; Allsop, Steve (2019)In the twentieth century the tobacco epidemic killed an estimated 100 million people globally; in the twenty-first century it may kill one billion people (World Health Organization, 2008). The ...