Abstract Tradable permits have received growing attention as a new travel demand management intervention to manage rush-hour travel behavior and related negative social, economic, and environmental impacts. This study provides the first real-life evidence of tradable permits’ ability to manage actual scheduling decisions in a congested morning peak. By conducting a 2-week field experiment with 91 students in Beijing, we investigate the effectiveness of the tradable permit scheme in terms of reducing “rush-hour” breakfasts, as well as the trading behavior of participants. The results of nested logit models show that the tradable permit scheme significantly reduces rush-hour breakfasts by about 20%. These results are robust to controlling for other factors, such as individual, commuting, attitudes, game- and market-related characteristics. Our results further suggest that participants are not perfectly rational when responding to the tradable permit scheme. This study informs policymakers regarding the design and implementation of a tradable rush hour permit scheme.


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    Titel :

    The impact of tradable rush hour permits on peak demand: evidence from an on-campus field experiment


    Beteiligte:
    Geng, Kexin (Autor:in) / Brands, Devi K. (Autor:in) / Verhoef, Erik T. (Autor:in) / Wang, Yacan (Autor:in)


    Erscheinungsdatum :

    2023-05-07




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch





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