Xu, M, Mussone, L and Grant-Muller, S (2018) Effects of a tradable credits scheme on mobility management: a household utility based approach incorporating travel money and travel time budgets. Case Studies on Transport Policy, 6 (3). pp. 432-438. ISSN 2213-624X
Abstract
We investigate the influence of a new mobility management measure, the tradable credits scheme (TCS), on the daily travel mode choices of individuals. Generally, we assume the individuals’ travel consists of different modes, e.g. private car mode and mass transit mode. In order to control the rapid increase in use of the private car mode in an area, policy makers may wish to implement a TCS basing on the vehicle kilometre travelled (VKT). The effects of the TCS are investigated in this paper based on a utility-theory travel demand model proposed by Golob et al. (1981), a household utility based model incorporating proposed travel money and travel time budgets. The empirical investigation is based on comparison studies of the short-term response and long-term effects with and without TCS. It finds that the implementation of TCS has not a clear impact to the value of time of household in the short-term, and the presence of TCS does not affect the linear relationship between travel time budget and travel money budget over long term. Numerical results demonstrate that the TCS will affect the travel distance of the available transport modes differentially, according to different levels of annual household income.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 World Conference on Transport Research Society. Published by Elsevier Ltd. This is an author produced version of a paper published in Case Studies on Transport Policy. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | tradable credits scheme; travel demand management; mobility; travel budget; utility; VKT |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Sustainable Transport Policy (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 16 May 2017 12:35 |
Last Modified: | 22 May 2019 13:46 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.cstp.2017.05.004 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:116547 |