Authors
Fang He, Yafeng Yin, Jing Zhou
Publication date
2013/9/30
Journal
Transportation Research Part C: Emerging Technologies
Volume
34
Pages
1-15
Publisher
Pergamon
Description
This paper explores integrated pricing of electricity and roads enabled by wireless power transfer technology. We envision that high-power, high-efficiency wireless power transfer technologies are mature in the near future, which electrify roads to be charging infrastructures. The prices of electricity at electrified roads will affect electric vehicles’ route choices while the energy requirement of those vehicles will in return affect the operations of the power network and thus the prices of electricity. To determine the optimal prices of electricity and roads to maximize social welfare, first- and second-best pricing models are proposed under different authoritarian regimes. More specifically, assuming that a government agency manages both transportation and power systems, we develop the first-best pricing model, based on which a marginal-cost pricing scheme is derived. The second-best pricing model is proposed if the …
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