Downtown Parking and Traffic Congestion: A Diagrammatic Exposition

Richard Arnott, Eren Inci and John Rowse

ERSA conference papers from European Regional Science Association

Abstract: Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and price-sensitive travel demand in a unified setting. We examine the deadweight loss associated with underpriced curbside parking, as well as first- and second-best curbside parking capacities. We also explore the transient dynamics and stability of various downtown traffic equilibria. Keywords: cruising for parking, curbside parking, parking garages, parking policy, traffic congestion JEL Classification: D04; L91; R41; R48

Date: 2012-10
New Economics Papers: this item is included in nep-tre
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https://www-sre.wu.ac.at/ersa/ersaconfs/ersa12/e120821aFinal00613.pdf (application/pdf)

Related works:
Working Paper: Downtown Parking and Traffic Congestion: A Diagrammatic Exposition (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa12p611

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