The dynamics of urban traffic congestion and the price of parking
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The dynamics of urban traffic congestion and the price of parking. / Fosgerau, Mogens; de Palma, André.
I: Journal of Public Economics, Bind 105, 09.2013, s. 106-115.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The dynamics of urban traffic congestion and the price of parking
AU - Fosgerau, Mogens
AU - de Palma, André
PY - 2013/9
Y1 - 2013/9
N2 - We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is queuing and eliminates queuing when the rate is non-zero. Within certain limits, inability to charge some drivers for parking does not reduce the potential welfare gain. Drivers who cannot be charged travel when there is queuing. In some cases, interaction between morning and evening commutes can be exploited to remove queuing completely.
AB - We consider commuting in a congested urban area. While an efficient time-varying toll may eliminate queuing, a toll may not be politically feasible. We study the benefit of a substitute: a parking fee at the workplace. An optimal time-varying parking fee is charged at zero rate when there is queuing and eliminates queuing when the rate is non-zero. Within certain limits, inability to charge some drivers for parking does not reduce the potential welfare gain. Drivers who cannot be charged travel when there is queuing. In some cases, interaction between morning and evening commutes can be exploited to remove queuing completely.
KW - Congestion
KW - Dynamic
KW - Parking
KW - Traffic
KW - Urban
UR - http://www.scopus.com/inward/record.url?scp=84880683437&partnerID=8YFLogxK
U2 - 10.1016/j.jpubeco.2013.06.008
DO - 10.1016/j.jpubeco.2013.06.008
M3 - Journal article
AN - SCOPUS:84880683437
VL - 105
SP - 106
EP - 115
JO - Journal of Public Economics
JF - Journal of Public Economics
SN - 0047-2727
ER -
ID: 181871804