The merits of privileged parking

Roman Zakharenko

Transportation Research Part B: Methodological, 2020, vol. 140, issue C, 193-209

Abstract: The paper investigates under what conditions it is optimal to exclude some motorists searching for parking from occupying a vacant parking bay. Privileged parking is found to be optimal if motorists are heterogenous and can steer their search towards or away from such parking. The socially optimal allocation of privileges and search strategies are characterized. The second-best pricing policies in the presence of cruising-for-parking externality are described; short-term parkers should always be allowed to take the first vacant bay they find. A model extension studies technologically modified “special needs” parking. Unlike existing policies that make such parking exclusive for special-needs motorists, the optimal policy makes it available for an extra fee to anyone, while increasing the number of special-needs bays so that even the initial users are better off.

Keywords: Privileged parking; Loading zones; Congestion pricing; Cruising for parking (search for similar items in EconPapers)
JEL-codes: H42 R41 R48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:transb:v:140:y:2020:i:c:p:193-209

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DOI: 10.1016/j.trb.2020.08.008

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