Unlock the Sharing Economy: The Case of the Parking Sector for Recurrent Commuting Trips

Abstract

This study examines the pricing strategy of a parking sharing platform that rents the daytime-usage rights of private parking spaces from parking owners and sells them to parking users. In an urban area with both shared parking and curbside parking, a choice equilibrium model is proposed to predict the number of shared parking users under any given pricing strategy of the platform. We analytically analyze how the pricing strategy of the platform (price charged on users and rent paid to parking owners or sharers) would affect the parking choice equilibrium and several system efficiency metrics. It is shown that the platform is profitable when some parking owners have a relatively small inconvenience cost from sharing their spaces, but its profit is always negative at minimum social cost. Numerical studies are conducted to illustrate the analytical results and provide further understanding.

Joint optimisation of park-and-ride facility locations and alternate traffic restriction scheme under equilibrium flows

“…This might be the case when park-and-ride is provided at the boundary of city centers or sub-centers (Liu and Geroliminis, 2017). It is of our interest to incorporate rigid parking capacity constraints, such as those in Zhang et al (2019), Zhang et al, (2020), Liu et al (2021), andLiu et al (2022). Then, the lower-level traffic equilibrium will be a capacityconstrained equilibrium problem, and the parking capacity constraints will be associated with potential competition behaviors for limited parking.…”