A Ladder-type Mechanism of Option Pricing for Truck-only Toll Lanes

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概要

• 論文の詳細を見る

• Truck-only toll (TOT) can help reduce traffic congestion and improve traffic flow on highways. Except implementing congestion price on roads, this study focuses on establishing a pricing model with TOT lanes, which adopt a call option from the perspective of transportation option. In the model, we particularly consider a guaranteed mechanism in contract, which provides compensation by different boundaries for the road users who bought a call option from government. Stakeholders in road can apply this model to solve their problems. Freight industries can also acquire hedge benefit from the risk of congestion. Also, this model can be used to control traffic flow and capacity on highways for government.

• Eastern Asia Society for Transportation Studiesの論文

著者

• Chu Chih-peng

  Department Of Business Administration National Dong Hwa University

• WU Chia-Yen

  Department of Business Management, National Dong Hwa University

• HSIAO Yi-Long

  Department of Finance, National Dong Hwa University

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• A Ladder-type Mechanism of Option Pricing for Truck-only Toll Lanes

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