An Integrated Model of Downtown Parking and Traffic Congestion

Richard Arnott and Eren Inci

No 11118, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: R4 (search for similar items in EconPapers)
Date: 2005-02
New Economics Papers: this item is included in nep-geo and nep-ure
Note: PE EEE
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Citations: View citations in EconPapers (5)

Published as 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.

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Journal Article: An integrated model of downtown parking and traffic congestion (2006)
Working Paper: An Integrated Model of Downtown Parking and Traffic Congestion (2005)
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