Zakharenko, R. (2016) The time dimension of parking economics. Transportation Research Part B: Methodological, 91, pp. 211-228. (doi: 10.1016/j.trb.2016.04.008)
Full text not currently available from Enlighten.
Abstract
A model of demand for parking, evolving over time, is proposed. The model features both extensive (whether to park) and intensive (for how long to park) margins of parking demand, allows multidimensional heterogeneity of parkers, and evolution of demand throughout the day. I show that the optimal price for parking is proportional to the rate of arrival of new parkers and is inversely related to the square of the occupancy rate, which is different from previously discussed pricing methods. I show that the primary purpose of pricing is to regulate departures, rather than arrivals, of parkers. I also find that asymmetric information about parkers’ characteristics does not prevent the parking authority from achieving the social optimum. A numerical example compares the optimal policy against the alternatives.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Zakharenko, Dr Roman |
| Authors: | Zakharenko, R. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Transportation Research Part B: Methodological |
| Publisher: | Elsevier |
| ISSN: | 0191-2615 |
| ISSN (Online): | 1879-2367 |
| Published Online: | 02 June 2016 |
University Staff: Request a correction | Enlighten Editors: Update this record
Deposit and Record Details
Deposit and Record Details