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Locating and pricing park-and-ride facilities in a linear monocentric city with deterministic mode choice

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  • Wang, Judith Y. T.
  • Yang, Hai
  • Lindsey, Robin

Abstract

This paper investigates the optimal location and pricing of a park-and-ride (P&R) facility in a linear city. Residences are uniformly distributed from the center to the exogenous city boundary, and all trips are from home to the center. A congestible highway and a congestion-free railway can be accessed at all points along the travel corridor. Deterministic mode choice equilibria are characterized for before and after a P&R service is introduced. Profit maximizing and social cost minimizing P&R locations and parking charges are then derived and compared. A numerical example illustrates the possibility of a "win-win" situation whereby a P&R facility can be profitable, as well as socially beneficial by reducing total travel costs.

Suggested Citation

  • Wang, Judith Y. T. & Yang, Hai & Lindsey, Robin, 2004. "Locating and pricing park-and-ride facilities in a linear monocentric city with deterministic mode choice," Transportation Research Part B: Methodological, Elsevier, vol. 38(8), pages 709-731, September.
    • Handle: RePEc:eee:transb:v:38:y:2004:i:8:p:709-731
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    References listed on IDEAS

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