2013
DOI: 10.1016/j.jpubeco.2013.06.008
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The dynamics of urban traffic congestion and the price of parking

Abstract: We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is queuing and eliminates queuing when the rate is non-zero. Within certain limits, inability to charge some drivers for parking does not reduce the potential welfare gain. Drivers who cannot be charged travel when there is q… Show more

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Cited by 91 publications
(34 citation statements)
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References 22 publications
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“…Zhang et al (2008) further extended Arnott et al (1991) by deriving the daily commuting pattern that combines both the morning and evening commutes. More recently, attentions have been paid to how parking capacity allocations, parking fees, parking permits and parking reservations can be designed to improve traffic efficiency in a dynamic network with one roadway bottleneck Qian et al 2011Qian et al , 2012Fosgerau and de Palma, 2013;Yang et al 2013;Liu et al 2014a,b ). However, in most of these studies, the cruising for parking is not modeled.…”
Section: Introductionmentioning
confidence: 99%
“…Zhang et al (2008) further extended Arnott et al (1991) by deriving the daily commuting pattern that combines both the morning and evening commutes. More recently, attentions have been paid to how parking capacity allocations, parking fees, parking permits and parking reservations can be designed to improve traffic efficiency in a dynamic network with one roadway bottleneck Qian et al 2011Qian et al , 2012Fosgerau and de Palma, 2013;Yang et al 2013;Liu et al 2014a,b ). However, in most of these studies, the cruising for parking is not modeled.…”
Section: Introductionmentioning
confidence: 99%
“…Several researchers studied parking pricing by examining the effect of time-variable parking rates. Related studies include investigations on on-street price-elasticity that varies by day and time [15], time-variable parking charges [17], the effects of charging for parking by the minute [18], real-time dynamic pricing in parking [19], and time-variable parking fees for commuters [20].…”
Section: Literature Reviewmentioning
confidence: 99%
“…Qian et al (2012) investigated how parking fees and parking supply can be designed to help mitigate traffic congestion and reduce travel costs. Parking pricing has been advocated as an alternative of road pricing to help manage traffic (e.g., Fosgerau and de Palma, 2013). For a recent review of parking studies, one may refer to Inci (2015).…”
Section: Introductionmentioning
confidence: 99%