The dynamics of urban traffic congestion and the price of parking�
AbstractWe consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is queuing and eliminates queuing when the rate is non-zero. Within certain limits, inability to charge some drivers for parking does not reduce the potential welfare gain. Drivers who cannot be charged travel when there is queuing. In some cases, interaction between morning and evening commutes can be exploited to remove queueing completely.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48433.
Date of creation: 2013
Date of revision:
parking; dynamic; congestion; urban; traffic;
Find related papers by JEL classification:
- D0 - Microeconomics - - General
- R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-REG-2013-07-28 (Regulation)
- NEP-TRE-2013-07-28 (Transport Economics)
- NEP-URE-2013-07-28 (Urban & Real Estate Economics)
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