Economic analysis of collecting parking fees by a private firm
The purpose of this paper is to show the possibility of a co-existence of public and private parking management systems even when all the parking spaces are owned by the government. This study focuses on the issue of collecting parking fees by a private firm that has been used by some local governments in Taiwan. We assume that the government behaves as a leader and a private firm as a follower in a Stackelberg three-stage game. At stage 1, the government selects its parking space. At stage 2, the government and the firm set their parking fees simultaneously. At the final stage, consumers (drivers) choose the parking lot between the space of the government and that of the firm by considering the full costs, consisting of the parking fee and the searching (with congestion) time cost. The objective of the government is to maximize welfare and that of the firm is to maximize profit. The model is constructed at first and a simulation analysis is then made. The result supports the strategy of adopting the franchise of collecting parking fees if the private firm is more efficient than the government. Moreover, the government may keep fewer parking spaces and release more parking spaces to the firm under the goal of maximizing welfare.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2006)
Issue (Month): 8 (October)
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arnott, Richard & Rowse, John, 1999.
Journal of Urban Economics,
Elsevier, vol. 45(1), pages 97-124, January.
- Colwell, Peter F & Munneke, Henry J, 1999. "Land Prices and Land Assembly in the CBD," The Journal of Real Estate Finance and Economics, Springer, vol. 18(2), pages 163-180, March.
- Peter F. Colwell & C. F. Sirmans, 1978. "Area, Time, Centrality and the Value of Urban Land," Land Economics, University of Wisconsin Press, vol. 54(4), pages 514-519.
- Small, Kenneth A., 1983. "The incidence of congestion tolls on urban highways," Journal of Urban Economics, Elsevier, vol. 13(1), pages 90-111, January.
- Small, K.A. & Yan, J., 1999.
"The Value of "Value Princing" of Roads: Second-Best Pricing and Product Differentiation,"
99-00-02, California Irvine - School of Social Sciences.
- Small, Kenneth A. & Yan, Jia, 2001. "The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation," Journal of Urban Economics, Elsevier, vol. 49(2), pages 310-336, March.
- Small, Kenneth A. & Yan, Jia, 2001. "The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation," University of California Transportation Center, Working Papers qt9569k1sz, University of California Transportation Center.
- Small, Kenneth & Yan, Jia, 2000. "The Value of "Value Pricing" of Roads: Second-Best Pricing and Product Differentiation," Discussion Papers dp-00-08, Resources For the Future.
- Glazer, Amihai & Niskanen, Esko, 2001.
"Parking fees and congestion,"
University of California Transportation Center, Working Papers
qt9h51t02k, University of California Transportation Center.
- Gillen, David W., 1977. "Estimation and specification of the effects of parking costs on urban transport mode choice," Journal of Urban Economics, Elsevier, vol. 4(2), pages 186-199, April.
- Willson, Richard W., 1992. "Estimating the Travel and Parking Demand Effects of Employer-Paid Parking," University of California Transportation Center, Working Papers qt37p740qt, University of California Transportation Center.
- Florian, Michaël & Los, Marc, 1980. "Impact of the supply of parking spaces on parking lot choice," Transportation Research Part B: Methodological, Elsevier, vol. 14(1-2), pages 155-163.
- Liu, Louie Nan & McDonald, John F., 1999. "Economic efficiency of second-best congestion pricing schemes in urban highway systems," Transportation Research Part B: Methodological, Elsevier, vol. 33(3), pages 157-188, April.
- Colwell, Peter F & Sirmans, C F, 1993. "A Comment on Zoning, Returns to Scale, and the Value of Undeveloped Land," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 783-786, November.
- Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1991.
"A temporal and spatial equilibrium analysis of commuter parking,"
Journal of Public Economics,
Elsevier, vol. 45(3), pages 301-335, August.
- 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.
- Verhoef, Erik & Nijkamp, Peter & Rietveld, Piet, 1995. "The economics of regulatory parking policies: The (IM)possibilities of parking policies in traffic regulation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(2), pages 141-156, March.
- Hensher, David A. & King, Jenny, 2001. "Parking demand and responsiveness to supply, pricing and location in the Sydney central business district," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(3), pages 177-196, March.
- Tzu-Chin Lin & Alan W. Evans, 2000. "The Relationship between the Price of Land and Size of Plot When Plots Are Small," Land Economics, University of Wisconsin Press, vol. 76(3), pages 386-394.
When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:40:y:2006:i:8:p:690-697. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.