Congestion Pricing: A Parking Queue Model
Name
esd-wp-2007-23.pdf
Size
1.21 MB
Format
Adobe PDF
Checksum (MD5)
6e8df6d3c07a33d771cf181dfa22a07c
Author(s)
Larson, Richard Charles
Sasanuma, Katsunobu
Date Issued
August 2007
Publisher
Massachusetts Institute of Technology. Engineering Systems Division
Series/Report no.
ESD Working Papers;ESD-WP-2007-23
Abstract
Congestion pricing imposes a usage fee on a public resource during times of high demand. Road pricing involves cordoning off a section of the city and imposing a fee on vehicles that enter it. Parking pricing increases the costs of on-street and perhaps off-street parking. Following an historical review, we develop a new queueing model of the parking pricing problem, recognizing that many urban drivers are simply looking for available on-street parking. Often, reducing the number of such “cruising drivers” would reduce urban road congestion dramatically, perhaps as effectively as cordoning off the center city.
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