English, Article, Journal or magazine article edition: An Integrated Model of Downtown Parking and Traffic Congestion Richard Arnott; Eren Inci

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Bookmark: http://trove.nla.gov.au/version/73231
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • An Integrated Model of Downtown Parking and Traffic Congestion
Author
  • Richard Arnott
  • Eren Inci
Physical Description
  • preprint
Notes
  • traffic congestion, cruising for parking, on-street parking Classification-JEL: R41
  • RePEc:boc:bocoec:608
  • This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one of which is robust. The robust one is that, whether or not the amount of on-street parking is optimal, it is efficient to raise the on-street parking fee to the point where cruising for parking is eliminated without parking becoming unsaturated. The other is that, if the parking fee is fixed at a sub-optimal level, it is second-best optimal to increase the amount of curbside allocated to parking until cruising for parking is eliminated without parking becoming unsaturated.
  • RePEc:nbr:nberwo:11118
Language
  • English
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