Work

Parking in the city

Year: 2007

Type: article

Abstract: . We integrate parking in a simple manner into the basic monocentric model. In equilibrium, the city divides into three zones. Closest to the CBD are parking lots, with residential housing further out. Residents contiguous to the parking lots walk to work. Those in the last band drive to a parking lot and then walk the remaining distance to the CBD. We first assume that parking is unattributed and subject to a common property resource problem. Then the social optimum configuration is identical to the equilibrium when parking lots are monopolistically competitively priced. That is, the optimum is decentralised by private ownership when operators maximise profits under competitive constraints. With attributed parking, the optimum is also attained in equilibrium, and entails higher welfare than unattributed parking.

Source: Papers of the Regional Science Association

DOI: 10.1111/j.1435-5957.2007.00137.x

Authors: Simon P. Anderson, André De Palma

Institutions: University of Virginia, Théorie Économique, Modélisation et Applications

Language: English

Topic: Transportation Planning and Optimization

Subfield: Transportation

Field: Social Sciences

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $2,740