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The merits of privileged parking

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  • Zakharenko, Roman

Abstract

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.

Suggested Citation

  • Zakharenko, Roman, 2020. "The merits of privileged parking," Transportation Research Part B: Methodological, Elsevier, vol. 140(C), pages 193-209.
    • Handle: RePEc:eee:transb:v:140:y:2020:i:c:p:193-209
    DOI: 10.1016/j.trb.2020.08.008
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    References listed on IDEAS

    as
    1. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
    2. Arnott, Richard & Inci, Eren & Rowse, John, 2015. "Downtown curbside parking capacity," Journal of Urban Economics, Elsevier, vol. 86(C), pages 83-97.
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    11. Zakharenko, Roman, 2016. "Self-driving cars will change cities," Regional Science and Urban Economics, Elsevier, vol. 61(C), pages 26-37.
    12. Zakharenko, Roman, 2019. "The economics of parking occupancy sensors," Economics of Transportation, Elsevier, vol. 17(C), pages 14-23.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Zakharenko, Roman, 2023. "Pushing towards shared mobility," Journal of Urban Economics, Elsevier, vol. 138(C).
    2. Abdelghaffar, Hossam M. & Batista, S.F.A. & Rehman, Abdur & Cao, Jin & Menéndez, Mónica & Jabari, Saif Eddin, 2024. "Comparison of probabilistic cruising-for-parking time estimation models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 184(C).

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    More about this item

    Keywords

    Privileged parking; Loading zones; Congestion pricing; Cruising for parking;
    All these keywords.

    JEL classification:

    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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