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Parking management in the morning commute problem with ridesharing

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  • Fu, Yulan
  • Wang, Chenlan
  • Liu, Tian-Liang
  • Huang, Hai-Jun

Abstract

This paper extends the existing bottleneck model with ridesharing by considering commuters' parking competition. Each driver prefers to park closer and walk shorter to the workplace. We present a new equilibrium model by involving ridesharing and parking behaviour. The equilibrium solution implies that the parking density and parking price can significantly influence commuters’ ridesharing choices and arrival times. The optimal parking density is presented to enhance the parking supply. A parking fee discount for ridesharing (PDR) scheme is proposed to encourage ridesharing and hence mitigate congestion. The optimal PDR scheme can save 50% of the system cost at most.

Suggested Citation

  • Fu, Yulan & Wang, Chenlan & Liu, Tian-Liang & Huang, Hai-Jun, 2021. "Parking management in the morning commute problem with ridesharing," Research in Transportation Economics, Elsevier, vol. 90(C).
    • Handle: RePEc:eee:retrec:v:90:y:2021:i:c:s0739885921000093
    DOI: 10.1016/j.retrec.2021.101037
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    More about this item

    Keywords

    Parking pricing; Parking supply density; Bottleneck congestion; Ridesharing;
    All these keywords.

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • 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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