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Downtown Parking and Traffic Congestion: A Diagrammatic Exposition

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Listed:
  • Richard Arnott
  • Eren Inci

  • John Rowse

Abstract

Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and price-sensitive travel demand in a unified setting. We examine the deadweight loss associated with underpriced curbside parking, as well as first- and second-best curbside parking capacities. We also explore the transient dynamics and stability of various downtown traffic equilibria. Keywords: cruising for parking, curbside parking, parking garages, parking policy, traffic congestion JEL Classification: D04; L91; R41; R48

Suggested Citation

  • Richard Arnott & Eren Inci & John Rowse, 2012. "Downtown Parking and Traffic Congestion: A Diagrammatic Exposition," ERSA conference papers ersa12p611, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa12p611
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    References listed on IDEAS

    as
    1. Arnott, Richard, 2006. "Spatial competition between parking garages and downtown parking policy," Transport Policy, Elsevier, vol. 13(6), pages 458-469, November.
    2. Shoup, Donald C., 2006. "Cruising for parking," Transport Policy, Elsevier, vol. 13(6), pages 479-486, November.
    3. Kevin Hasker & Eren Inci, 2014. "Free Parking For All In Shopping Malls," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(4), pages 1281-1304, November.
    4. Arnott, Richard & Inci, Eren, 2006. "An integrated model of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 60(3), pages 418-442, November.
    5. Daganzo, Carlos F. & Gayah, Vikash V. & Gonzales, Eric J., 2011. "Macroscopic relations of urban traffic variables: Bifurcations, multivaluedness and instability," Transportation Research Part B: Methodological, Elsevier, vol. 45(1), pages 278-288, January.
    6. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
    7. Richard Arnott & Tilmann Rave & Ronnie Schöb, 2005. "Alleviating Urban Traffic Congestion," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012197, December.
    8. Arnott, Richard & Inci, Eren, 2010. "The stability of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 68(3), pages 260-276, November.
    9. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
    10. repec:cdl:uctcwp:qt55s7079f is not listed on IDEAS
    11. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
    12. repec:cdl:uctcwp:qt3627c218 is not listed on IDEAS
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    Keywords

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    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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