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A New Flexible Parking Reservation Scheme for the Morning Commute under Limited Parking Supplies

Author

Listed:
  • Wei Wu

    (Changsha University of Science & Technology
    University of New South Wales)

  • Wei Liu

    (University of New South Wales
    University of New South Wales)

  • Fangni Zhang

    (University of Hong Kong)

  • Vinayak Dixit

    (University of New South Wales)

Abstract

Recent studies proposed parking reservation schemes in a bi-modal transport network to manage parking competition and traffic congestion. This study proposes a new flexible parking reservation scheme, under which commuters’ reservation can expire and those arriving later than the reservation expiration time can retain his reservation by paying additional late-for-reservation fees. Time-varying late-for-reservation fees are also examined. The proposed reservation scheme is more flexible and practical than those in the literature. Moreover, we found that, when compared to reservation scheme in the literature, the total social cost can be further reduced by an appropriately designed flexible reservation scheme in this paper. We also analytically and numerically quantify the efficiency gain of the proposed flexible parking reservation scheme.

Suggested Citation

  • Wei Wu & Wei Liu & Fangni Zhang & Vinayak Dixit, 2021. "A New Flexible Parking Reservation Scheme for the Morning Commute under Limited Parking Supplies," Networks and Spatial Economics, Springer, vol. 21(3), pages 513-545, September.
    • Handle: RePEc:kap:netspa:v:21:y:2021:i:3:d:10.1007_s11067-021-09538-5
    DOI: 10.1007/s11067-021-09538-5
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    References listed on IDEAS

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