Modeling MobilityCoins—Charges, Incentives and Multi-period Budgets in Multimodal Transportation Networks

Abstract

AbstractMobilityCoins are a tradable mobility credit (TMC) scheme variant. TMC schemes are a cap-and-trade scheme for managing mobility that are designed to limit negative externalities, e.g., congestion, of traffic. Next to having link-specific or origin–destination-specific charges for cars as in the common TMC scheme, the MobilityCoin scheme’s distinctive elements are accommodating link-specific and origin-and-destination-specific charges and incentives for all modes of transport as well as being considered a mobility currency that can be earned, saved, and spent in multiple time periods. These distinctive features of the MobilityCoin scheme does not alter the core behavioral mechanism of TMC schemes of increasing car travel costs, but these features interfere with the credit market in terms of market volume and market price that ultimately affects traffic outcomes, e.g., an uncontrolled market volume increase can lower the market price that in turns increases the attractiveness of using the car. In this paper, we develop a mathematical model of multimodal macroscopic network flows and a MobilityCoin market to investigate the impacts of charges, incentives, and multi-period budgets. The model is implemented as a single-day model with an integration of sensitivity for multi-period budgets to study how the outcomes in the transportation system change with charges, incentives, and multi-period budgets. Further, we discuss implications for the policy design of MobilityCoins schemes.