The economics of parking occupancy sensors
Roman Zakharenko ()
Economics of Transportation, 2019, vol. 17, issue C, 14-23
Parking occupancy sensors are devices that assist search of vacant parking. The interplay between two government policies, installation of sensors and pricing parking, is studied. When parking is congested and the uniform price is optimal, installation of sensors raises the price, increases turnover of parking. If price discrimination is considered, sensored parking should be cheaper than non-sensored. To achieve optimal search of vacant parking, it is sufficient to equip only a fraction of parking with sensors. Underpriced parking may dampen the sensor installation incentive, relative to the incentive to build extra parking. Nevertheless, in absolute terms the sensor installation incentive is substantial even with free parking.
Keywords: Parking occupancy sensor; Pricing parking (search for similar items in EconPapers)
JEL-codes: H42 R42 R48 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecotra:v:17:y:2019:i:c:p:14-23
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