2004
DOI: 10.1016/s0166-0462(04)00020-1
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The ideal source of local public revenue

Abstract: Free or underpriced curb parking creates a classic commons problem. Studies have found that between 8% and 74% of cars in congested traffic were cruising in search of curb parking, and that the average time to find a curb space ranged between 3 and 14 min. Cities can eliminate the economic incentive to cruise by charging market-clearing prices for curb parking spaces. Market-priced curb parking can yield between 5% and 8% of the total land rent in a city, and in some neighborhoods can yield more revenue than t… Show more

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Cited by 4 publications
(4 citation statements)
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“…The second model takes an explicit geosimulation view (Benenson and Torrens 2004) of the parking process and employs a new version of PARKAGENT, an agent-based model of parking dynamics in the city, first presented in . Following the literature on cruising for parking (Shoup 2004, Arnott 2006, we employ both models to analyse this phenomenon. Based on a careful comparison of the models we identify under which conditions an explicit spatial representation of parking search and choice is necessary for capturing the essentials of parking dynamics under congested conditions.…”
Section: Introductionmentioning
confidence: 99%
“…The second model takes an explicit geosimulation view (Benenson and Torrens 2004) of the parking process and employs a new version of PARKAGENT, an agent-based model of parking dynamics in the city, first presented in . Following the literature on cruising for parking (Shoup 2004, Arnott 2006, we employ both models to analyse this phenomenon. Based on a careful comparison of the models we identify under which conditions an explicit spatial representation of parking search and choice is necessary for capturing the essentials of parking dynamics under congested conditions.…”
Section: Introductionmentioning
confidence: 99%
“…Hence, the supply curve is backward bending. 6 At this point, the reader should also see Shoup (2004), which reviews various other arguments about why parking is "the ideal source of local public revenue." 7 These models treat parking search as a deterministic process.…”
Section: Cruising For Parkingmentioning
confidence: 99%
“…Frequently, for the large number of variables involved in the optimization pricing problems, are used heuristic algorithms such as the algorithm proposed by D' Acierno et al (2006) that helps to find great parking prices for each OD pair. Shoup (2004Shoup ( , 2006Shoup ( , 2007 proposes that the excellent rate can be found in an iterative way by an increase/decrease of the initial price. This principle was later applied in 2010 in San Francisco (SFpark) giving excellent results.…”
Section: Optimization Of the Ratementioning
confidence: 99%