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The economics of parking occupancy sensors

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  • Zakharenko, Roman

Abstract

Parking occupancy sensors are devices that assist search of vacant parking. The interplay between two government policies, installation of sensors and pricing parking, is studied. When parking is congested and the uniform price is optimal, installation of sensors raises the price, increases turnover of parking. If price discrimination is considered, sensored parking should be cheaper than non-sensored. To achieve optimal search of vacant parking, it is sufficient to equip only a fraction of parking with sensors. Underpriced parking may dampen the sensor installation incentive, relative to the incentive to build extra parking. Nevertheless, in absolute terms the sensor installation incentive is substantial even with free parking.

Suggested Citation

  • Zakharenko, Roman, 2019. "The economics of parking occupancy sensors," Economics of Transportation, Elsevier, vol. 17(C), pages 14-23.
    • Handle: RePEc:eee:ecotra:v:17:y:2019:i:c:p:14-23
    DOI: 10.1016/j.ecotra.2018.11.001
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    References listed on IDEAS

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    Cited by:

    1. Zakharenko, Roman, 2020. "The merits of privileged parking," Transportation Research Part B: Methodological, Elsevier, vol. 140(C), pages 193-209.

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    More about this item

    Keywords

    Parking occupancy sensor; Pricing parking;

    JEL classification:

    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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