Re:$40 road tolls offer insight into commuter psychology
by dredmorbius on Thursday December 07, 2017 @09:29AM
(#15870201)
How do you propose to run an auction on autos entering a given roadway?
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Re:$40 road tolls offer insight into commuter psychology
by thaeli on Thursday December 07, 2017 @11:19AM
(#15871340)
The dynamic toll pricing, based on utilization, on this roadway is very nearly an auction.
Re:$40 road tolls offer insight into commuter psychology
by dredmorbius on Friday December 08, 2017 @01:02AM
(#15876975)
Yes, but that's not an auction: one bidder raising over another.
You might be able to do this in a two-at-a-time case, with two lanes of cars. Problem is that the lane behind the car that consistently underbids is being affected by a third party's decision.
It seems that there's a problem with the feedback/response cycle in one-at-a-time pricing systems. The more effective systems approach is to set a scheduled or contingent pricing, perhaps at 10-15 minute increments, minimum. A regular schedule (as with peak / off-peak rail or transit schedules) is another option.
Hence: how does OP propose to run an auction?