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Modelling the impact of alternative pricing policies on an urban multimodal traffic corridor

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  • Inturri, Giuseppe
  • Ignaccolo, Matteo

Abstract

This paper investigates the effects of alternative or joint schemes of road pricing and parking pricing to verify if private behaviour in operating parking facilities, road tolling and transit systems can lead to profitable results in the private sector and for public welfare. The evaluation is carried out using an idealised urban multimodal traffic corridor with some numerical examples that show the effects of different pricing policies. A Deterministic User Equilibrium assignment procedure is used to calculate certain performance indicators such as user travel costs, social costs and private profit. The results show that the system is highly sensitive to pricing policy and that a proper joint pricing of park-and-ride facilities, city centre parking and road tolls can be developed to simultaneously attain good private and social benefits.

Suggested Citation

  • Inturri, Giuseppe & Ignaccolo, Matteo, 2011. "Modelling the impact of alternative pricing policies on an urban multimodal traffic corridor," Transport Policy, Elsevier, vol. 18(6), pages 777-785, November.
    • Handle: RePEc:eee:trapol:v:18:y:2011:i:6:p:777-785
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    References listed on IDEAS

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    1. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
    2. Proost, Stef & Sen, Ahksaya, 2006. "Urban transport pricing reform with two levels of government: A case study of Brussels," Transport Policy, Elsevier, vol. 13(2), pages 127-139, March.
    3. Rouwendal, Jan & Verhoef, Erik T., 2006. "Basic economic principles of road pricing: From theory to applications," Transport Policy, Elsevier, vol. 13(2), pages 106-114, March.
    4. 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.
    5. Edward Calthrop & Stef Proost & Kurt van Dender, 2000. "Parking Policies and Road Pricing," Urban Studies, Urban Studies Journal Limited, vol. 37(1), pages 63-76, January.
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    Cited by:

    1. Lu, Xiao-Shan & Liu, Tian-Liang & Huang, Hai-Jun, 2015. "Pricing and mode choice based on nested logit model with trip-chain costs," Transport Policy, Elsevier, vol. 44(C), pages 76-88.
    2. Inturri, Giuseppe & Giuffrida, Nadia & Ignaccolo, Matteo & Le Pira, Michela & Pluchino, Alessandro & Rapisarda, Andrea & D'Angelo, Riccardo, 2021. "Taxi vs. demand responsive shared transport systems: An agent-based simulation approach," Transport Policy, Elsevier, vol. 103(C), pages 116-126.
    3. Mills, Gareth & White, Peter, 2018. "Evaluating the long-term impacts of bus-based park and ride," Research in Transportation Economics, Elsevier, vol. 69(C), pages 536-543.

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