The merits of privileged parking

Zakharenko, R. (2020) The merits of privileged parking. Transportation Research Part B: Methodological, 140, pp. 193-209. (doi: 10.1016/j.trb.2020.08.008) (PMCID:PMC7474876)

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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.

Item Type:Articles
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
ISSN (Online):1879-2367
Published Online:06 September 2020

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