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The dynamics of urban traffic congestion and the price of parking

  • Fosgerau, Mogens
  • de Palma, André

We 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 queuing completely.

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File URL: http://www.sciencedirect.com/science/article/pii/S0047272713001321
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Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 105 (2013)
Issue (Month): C ()
Pages: 106-115

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Handle: RePEc:eee:pubeco:v:105:y:2013:i:c:p:106-115
DOI: 10.1016/j.jpubeco.2013.06.008
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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  1. De Palma, André & Fosgerau, Mogens, 2010. "Random queues and risk averse users," MPRA Paper 24215, University Library of Munich, Germany.
  2. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
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  10. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1993. "A Structural Model of Peak-Period Congestion: A Traffic Bottleneck with Elastic Demand," American Economic Review, American Economic Association, vol. 83(1), pages 161-79, March.
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  25. André de Palma & Mogens Fosgerau, 2011. "Dynamic Traffic Modeling," Chapters, in: A Handbook of Transport Economics, chapter 9 Edward Elgar Publishing.
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