Curbside parking time limits

Richard Arnott and John Rowse

Transportation Research Part A: Policy and Practice, 2013, vol. 55, issue C, 89-110

Abstract: Previous work in the economic theory of parking has treated parkers as homogeneous. In almost all policy contexts, however, heterogeneity among individuals matters not only quantitatively but also qualitatively. For example, providing both tolled and untolled alternatives allows those with high values of time to pay largely with money and those with low values of time to pay only with time. This paper extends the authors’ (2009) integrated model of parking and traffic congestion in an isotropic downtown in steady state to treat heterogeneity in the value of time and parking duration. It develops the theory, and then presents an extended numerical example that applies the theory to several policy scenarios. With homogeneous individuals, underpricing curbside parking leads to wasteful cruising for parking. With heterogeneous individuals, however, curbside time limits can be used to ration out those with longer parking durations, so that cruising for parking is eliminated. With curbside parking time limits, underpricing curbside parking downtown may be a sound policy response to the free parking provided by suburban shopping centers.

Keywords: Parking; Curbside parking; Cruising for parking (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0965856413001316
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Curbside Parking Time Limits (2011)
Working Paper: Curbside Parking Time Limits (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:transa:v:55:y:2013:i:c:p:89-110

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tra.2013.07.009

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Catherine Liu ().