A traffic equilibrium model with paid-parking search

Renger van Nieuwkoop (), Kay Axhausen () and Thomas Rutherford ()
Additional contact information
Renger van Nieuwkoop: ETH Zürich, Switzerland
Kay Axhausen: ETH Zurich, Switzerland
Thomas Rutherford: University of Wisconsin

No 16/236, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: This paper describes a Wardropian traffic flow model integrated with a search model for paid parking. The occupancy rate influences the probability of finding on-street (curbside) or off-street (garage) parking spaces. We formulate the model as a mixed complementarity problem, which has the advantage that there is no need for a complete enumeration of all possible paths, and the model can be solved using readily available software. We analyze different parking policies in Zurich and find that changing the parking fee structure will lead to high efficiency gains. Incorporating household heterogeneity is not critical for the overall efficiency effects but shows important regressive, distributional effects.

Keywords: parking modeling; traffic congestion; cruising for parking; on-street parking; mixed complementarity format (search for similar items in EconPapers)
JEL-codes: R41 R48 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2016-03
New Economics Papers: this item is included in nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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