Economics Commons^™

Exploring A Toll Auction Mechanism Enabled By Vehicle-To-Infrastructure Technology, Andrew J. Collins, Erika Frydenlund, R. Michael Robinson, Mecit Cetin

VMASC Publications

High-occupancy toll (HOT) lanes—an increasingly popular solution for congested roadway networks—give drivers the option to access express lanes. The cost of entry often varies with demand, although no standard method of optimizing these price points exists. Using the principles of a Vickrey auction that incentivizes true-value bids, this paper proposes a tolling system that uses vehicle-to-infrastructure technology to optimize toll operator revenue with HOT lane usage. In the scenario, a roadway network consists of a HOT lane and a general-purpose lane, each with identical physical properties. Drivers can access the HOT lane at the start of the facility or at …