The relative efficiency of and interaction between various information and pricing instruments for the regulation of stochastic road traffic congestion are studied. Five regulatory regimes are considered: no tolling/imperfect information, no tolling/perfect information, nonfluctuating tolling/imperfect information, flat tolling/perfect information, and fluctuating tolling, implying perfect information. A simulation model is used to investigate the influence of some key parameters on the relative efficiency of the various regulatory regimes.
Samenvatting