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Downtown Parking and Traffic Congestion: A Diagrammatic Exposition

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  • Richard Arnott
  • Eren Inci

    ()

  • John Rowse

Abstract

Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and price-sensitive travel demand in a unified setting. We examine the deadweight loss associated with underpriced curbside parking, as well as first- and second-best curbside parking capacities. We also explore the transient dynamics and stability of various downtown traffic equilibria. Keywords: cruising for parking, curbside parking, parking garages, parking policy, traffic congestion JEL Classification: D04; L91; R41; R48

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Bibliographic Info

Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa12p611.

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Date of creation: Oct 2012
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Handle: RePEc:wiw:wiwrsa:ersa12p611

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  1. Shoup, Donald C., 2006. "Cruising for parking," Transport Policy, Elsevier, vol. 13(6), pages 479-486, November.
  2. Richard Arnott & Eren Inci, 2005. "An Integrated Model of Downtown Parking and Traffic Congestion," NBER Working Papers 11118, National Bureau of Economic Research, Inc.
  3. Hasker, Kevin & Inci, Eren, 2012. "Free Parking for All in Shopping Malls," MPRA Paper 35978, University Library of Munich, Germany.
  4. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
  5. Arnott, Richard & Inci, Eren, 2010. "The stability of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 68(3), pages 260-276, November.
  6. Richard Arnott & John Rowse, 1997. "Modeling Parking," Boston College Working Papers in Economics 350., Boston College Department of Economics.
  7. Arnott, Richard & Rowse, John, 2011. "Curbside Parking Time Limits," University of California Transportation Center, Working Papers qt3627c218, University of California Transportation Center.
  8. Richard Arnott & John Rowse, 2007. "Downtown Parking in Auto City," Boston College Working Papers in Economics 665, Boston College Department of Economics.
  9. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  10. Daganzo, Carlos F. & Gayah, Vikash V. & Gonzales, Eric J., 2011. "Macroscopic relations of urban traffic variables: Bifurcations, multivaluedness and instability," Transportation Research Part B: Methodological, Elsevier, vol. 45(1), pages 278-288, January.
  11. Shoup, Donald C., 2006. "Cruising for Parking," University of California Transportation Center, Working Papers qt55s7079f, University of California Transportation Center.
  12. Richard Arnott & Tilmann Rave & Ronnie Schöb, 2005. "Alleviating Urban Traffic Congestion," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012197, December.
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Cited by:
  1. Martijn Kobus & Eva Gutierrez Puigarnau & Piet Rietveld & Jos Van Ommeren, 2012. "The On-Street Parking Premium and Car Drivers' Choice between Street and Garage Parking," Tinbergen Institute Discussion Papers 12-040/3, Tinbergen Institute.
  2. repec:dgr:uvatin:2012040 is not listed on IDEAS

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