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CARMA: A fair and efficient mechanism for traffic congestion management

Fri, Dec 13, 2024

SPEAKER: 张珂南 洛桑联邦理工学院 助理教授

TIME/DATE: 2024.12.17  10:00

CLASSROOM: A308

ABSTRACT

Traffic congestion has long been a critical issue in large cities. As the well-known solution, congestion pricing is however arguably unfair as it tends to favor wealthier travelers. To address such an equity issue, we proposed a mechanism named CARMA that makes travelers to bid for access to scarce transport resources with non-tradable mobility credits, in anticipation of other travelers’ decisions as well as their own future trips. We first demonstrate this idea on a classic transportation model for the morning commute and show CARMA achieves the same system efficiency as first-best pricing meanwhile addressing the fairness issue.

GUEST BIO

Dr. Kenan Zhang is a tenure-track Assistant Professor at the École Polytechnique Fédérale de Lausanne (EPFL) and leads the Laboratory for Human-Oriented Mobility Eco-system (HOMES). Her research centers at the mathematical modeling, optimization and operations management of urban transportation systems, with special focus on emerging mobility services and technologies. She received her PhD in Transportation Engineering from Northwestern University. Before joining EPFL, she was a postdoctoral research at ETH Zurich.

 

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