Equilibrium analysis of parking for integrated daily commuting

Xiao-Shan Lu, Ren-Yong Guo, Hai-Jun Huang (), Xiaoming Xu and Jiajia Chen

Research in Transportation Economics, 2021, vol. 90, issue C

Abstract: We analyze the commuting patterns and parking modes for integrated daily commuting under different regimes. Based on a bi-direction bottleneck network with a spatial pattern of parking, the daily commuting patterns with parking location choices are analyzed. Without road toll and parking fee, there exist two equilibrium flow patterns and one parking mode. Increasing the parking density would postpone the earliest departure time and shorten the length of departure time period. A linear location-dependent parking fee regime without road toll is then proposed. We find that three parking modes occur across the parking fee rate and the morning efficiency loss always exists no matter how the fee rate is changed. Furthermore, a combined regime of linear location-dependent parking fee and time-varying road toll is developed to minimize the total daily social cost (TDSC). Two parking modes occur as the parking fee rate increases and there exist four equilibrium flow patterns. We show that the linear location-dependent parking fees could either advance or postpone the earliest morning departure time. An inappropriate parking fee rate may increase both individual and social costs. The best system performance can be achieved with joint consideration of both the TDSC and parking supply cost.

Keywords: Daily commuting pattern; Parking fee; Parking mode; Nash equilibrium; User equilibrium (search for similar items in EconPapers)
JEL-codes: R41 R48 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.retrec.2020.101019

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