Zakharenko, R. (2019) The economics of parking occupancy sensors. Economics of Transportation, 17, pp. 14-23. (doi: 10.1016/j.ecotra.2018.11.001)
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Abstract
Parking occupancy sensors are devices that assist search of vacant parking. The interplay between two government policies, installation of sensors and pricing parking, is studied. When parking is congested and the uniform price is optimal, installation of sensors raises the price, increases turnover of parking. If price discrimination is considered, sensored parking should be cheaper than non-sensored. To achieve optimal search of vacant parking, it is sufficient to equip only a fraction of parking with sensors. Underpriced parking may dampen the sensor installation incentive, relative to the incentive to build extra parking. Nevertheless, in absolute terms the sensor installation incentive is substantial even with free parking.
| 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: | Economics of Transportation |
| Publisher: | Elsevier |
| ISSN: | 2212-0122 |
| ISSN (Online): | 2212-0130 |
| Published Online: | 11 December 2018 |
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