A review of the economics of parking

İnci, Eren

doi:10.1016/j.ecotra.2014.11.001

Cited by 209 publications

(109 citation statements)

References 104 publications

(136 reference statements)

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“…However, they often overlook the rush hour traffic dynamics and time-varying traffic conditions. For a recent review of the economic studies of cruising-for-parking, one may refer to Inci (2015) .…”

Section: Introductionmentioning

confidence: 99%

Modeling the morning commute for urban networks with cruising-for-parking: An MFD approach

Liu¹,

Geroliminis²

2016

Transportation Research Part B: Methodological

109

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a b s t r a c tThis study focuses on the morning commute problem with explicit consideration of cruising-for-parking, and its adverse impacts on traffic congestion. The cruising-for-parking is modeled through a dynamic aggregated traffic model for networks: the Macroscopic Fundamental Diagram (MFD). Firstly, we formulate the commuting equilibrium in a congested downtown network where travelers have to cruise for curbside parking spaces. The cruising-for-parking would yield longer trip distance and smaller network outflow, and thus can induce severe congestion and lengthen the morning peak. We then develop a dynamic model of pricing for the network to reduce total social cost, which includes cruising time cost, moving time cost (moving or in-transit time, which is the duration during which vehicles move close to the destination but do not cruise for parking yet), and schedule delay cost. We show that under specific assumptions, at the system optimum, the downtown network should be operating at the maximum production of its MFD. However, the cruising effect is not fully eliminated. We also show that the time-dependent toll to support the system optimum has a different shape than the classical fine toll in Vickrey's bottleneck model. In the end, analytical results are illustrated and verified with numerical experiments.

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Section: Introductionmentioning

confidence: 99%

Modeling the morning commute for urban networks with cruising-for-parking: An MFD approach

Liu¹,

Geroliminis²

2016

Transportation Research Part B: Methodological

109

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“…There is an expansive theoretical literature exploring the role of parking pricing and regulation and its effect on congestion (Anderson and de Palma, 2004;Arnott and Inci, 2006;Arnott, 2006;Arnott and Rowse, 2009;Inci, 2015). Despite the theoretical support for parking pricing, there has been far less empirical work testing the ability of parking fees or taxes to reduce congestion.…”

Section: Related Literaturementioning

confidence: 99%

“…He finds that parking demand was fairly inelastic to the tax increase, but it is difficult to know if the same pattern will hold among today's commuters where there are more commuters and congestion as well as more viable alternatives to driving. This is still an area of research that needs to be addressed (Inci, 2015). In general, there has been a lack of rigorous empirical work with strong identification strategies.…”

Section: Related Literaturementioning

confidence: 99%

“…In this paper we highlight key theoretical and empirical findings and refer interested readers to more complete reviews (Arnott, 2011;Brooke, Ison and Quddus, 2014;Inci, 2015;Miller and Wilson, 2015). Until recently, vehicles per kilometers of road and overall vehicle ownership levels have consistently risen in both developed and developing nations.…”

Section: Related Literaturementioning

confidence: 99%

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Parking Taxes as a Second Best Congestion Pricing Mechanism

Wilson

Miller

2015

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work is licensed under a Creative Commons IGO 3.0 AttributionNonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose, as provided below. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.Following a peer review process, and with previous written consent by the Inter-American Development Bank (IDB), a revised version of this work may also be reproduced in any academic journal, including those indexed by the American Economic Association's EconLit, provided that the IDB is credited and that the author(s) receive no income from the publication. Therefore, the restriction to receive income from such publication shall only extend to the publication's author(s). With regard to such restriction, in case of any inconsistency between the Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives license and these statements, the latter shall prevail.Note that link provided above includes additional terms and conditions of the license.

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“…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%

Managing morning commute with parking space constraints in the case of a bi-modal many-to-one network

Liu

Zhang²,

Yang

2015

Transportmetrica A: Transport Science

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Recently, some studies examined how downtown parking space limitation re-shapes the morning commute in the case of a single origin-destination network. This paper further formulates and analyses the commuting equilibrium problem of both mode and departure time choices in a bi-modal (auto and public transit) many-to-one network. Several properties of the equilibrium under parking space constraints and the proposed parking reservation system are discussed. Procedures for computing the dynamic user equilibrium with a parking space constraint (either trading of reservations is allowed or not) have been developed. We show that parking reservation can help reduce deadweight loss due to parking competition and roadway congestion. We also found that assigning more reservations to travelers from a specific origin does not necessarily reduce total travel cost of them, while doing so might raise the total travel cost of travelers from other origins. When parking supply is less than the potential demand but is relatively large, it is socially preferred to retain some parking spaces open for competition. However, when the total parking supply is relatively small, all parking spaces should be reserved to travelers. Besides, we show trading of reservations among travelers would yield an efficiency loss. This loss can be fairly large thus trading should be prohibited.

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A review of the economics of parking

Cited by 209 publications

References 104 publications

Modeling the morning commute for urban networks with cruising-for-parking: An MFD approach

Modeling the morning commute for urban networks with cruising-for-parking: An MFD approach

Parking Taxes as a Second Best Congestion Pricing Mechanism

Managing morning commute with parking space constraints in the case of a bi-modal many-to-one network

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