How to manage motorway tolls through the Game Theory
Tuesday, April 30, 2013 - 13:00
in Mathematics & Economics
A team led by José Manuel Zarzuelo, Professor of Applied Economics, has applied the co-operative Game Theory to calculating motorway toll charges. The results of the study have been published in the specialised journal European Journal of Operational Research. In this study, the authors propose that sophisticated mathematical methods could be used in traffic management.