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An Integrated Model of Downtown Parking and Traffic Congestion

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  • Richard Arnott
  • Eren Inci

Abstract

This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one of which is robust. The robust one is that, whether or not the amount of on-street parking is optimal, it is efficient to raise the on-street parking fee to the point where cruising for parking is eliminated without parking becoming unsaturated. The other is that, if the parking fee is fixed at a sub-optimal level, it is second-best optimal to increase the amount of curbside allocated to parking until cruising for parking is eliminated without parking becoming unsaturated.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11118.

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Date of creation: Feb 2005
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Handle: RePEc:nbr:nberwo:11118

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  1. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  2. Richard Arnott & Tilmann Rave & Ronnie Schöb, 2005. "Alleviating Urban Traffic Congestion," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012197, January.
  3. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-60, May.
  4. Glazer, Amihai & Niskanen, Esko, 2001. "Parking fees and congestion," University of California Transportation Center, Working Papers qt9h51t02k, University of California Transportation Center.
  5. Edward Calthrop, 2001. "When consumers can decide not to pay a tax: enforcing and pricing urban on-street parking space," Energy, Transport and Environment Working Papers Series ete0110, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  6. Verhoef, Erik T., 2001. "An Integrated Dynamic Model of Road Traffic Congestion Based on Simple Car-Following Theory: Exploring Hypercongestion," Journal of Urban Economics, Elsevier, vol. 49(3), pages 505-542, May.
  7. Westin, Richard B. & Gillen, David W., 1978. "Parking location and transit demand : A case study of endogenous attributes in disaggregate mode choice models," Journal of Econometrics, Elsevier, vol. 8(1), pages 75-101, August.
  8. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
  9. Erik Verhoef & Jan Rouwendal & Piet Rietveld, 1997. "Congestion caused by Speed Differences," Tinbergen Institute Discussion Papers 97-105/3, Tinbergen Institute.
  10. Richard Arnott, 1990. "A Temporal and Spatial Equilibrium Analysis of Commuter Parking," Discussion Papers 884, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  11. Arnott, Richard & Rowse, John, 1999. "Modeling Parking," Journal of Urban Economics, Elsevier, vol. 45(1), pages 97-124, January.
  12. Edward Calthrop & Stef Proost, 2002. "Regulating on-street parking," Energy, Transport and Environment Working Papers Series ete0202, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  13. Wilson, John D., 1983. "Optimal road capacity in the presence of unpriced congestion," Journal of Urban Economics, Elsevier, vol. 13(3), pages 337-357, May.
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