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The dynamic toll pricing, based on utilization, on this roadway is very nearly an auction.
by thaeli 9y ago
The dynamic toll pricing, based on utilization, on this roadway is very nearly an auction.
- dredmorbius 9y agoYes, 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?