The dynamics of urban traffic congestion and the price of parking

The dynamics of urban traffic congestion and the price of parking

[SHS:ECO] Humanities and Social Sciences/Economies and finances

parking

dynamic

congestion

urban

traffic

We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is queuing and eliminates queuing when the rate is non-zero. Within certain limits, inability to charge some drivers for parking does not reduce the potential welfare gain. Drivers who cannot be charged travel when there is queuing. In some cases, interaction between morning and evening commutes can be exploited to remove queuing completely.

Fosgerau, Mogens

De Palma, André

2012-09-19

ENG

preprint

http://hal.archives-ouvertes.fr/hal-00742104

http://hal.archives-ouvertes.fr/docs/00/74/21/04/PDF/Fosgerau_de_Palma_2012_parking.pdf