A Traffic Equilibrium Model with Paid-Parking Search

40 Pages Posted: 17 Mar 2016

See all articles by Renger Van Nieuwkoop

Renger Van Nieuwkoop

ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich

Thomas Rutherford

University of Wisconsin - Madison

Kay W. Axhausen

ETH Zurich

Date Written: February 19, 2016

Abstract

This paper describes a Wardropian traffic flow model integrated with a search model for paid parking. The occupancy rate influences the probability of finding on-street (curbside) or off-street (garage) parking spaces. We formulate the model as a mixed complementarity problem, which has the advantage that there is no need for a complete enumeration of all possible paths, and the model can be solved using readily available software. We analyze different parking policies in Zurich and find that changing the parking fee structure will lead to high efficiency gains. Incorporating household heterogeneity is not critical for the overall efficiency effects but shows important regressive, distributional effects.

Keywords: parking modeling, traffic congestion, cruising for parking, on-street parking, mixed complementarity format

JEL Classification: R41, R48

Suggested Citation

Van Nieuwkoop, Renger and Rutherford, Thomas and Axhausen, Kay W., A Traffic Equilibrium Model with Paid-Parking Search (February 19, 2016). Available at SSRN: https://ssrn.com/abstract=2748539 or http://dx.doi.org/10.2139/ssrn.2748539

Renger Van Nieuwkoop (Contact Author)

ETH Zürich - CER-ETH - Center of Economic Research at ETH Zurich ( email )

Zürichbergstrasse 18
Zurich, 8092
Switzerland

Thomas Rutherford

University of Wisconsin - Madison ( email )

Kay W. Axhausen

ETH Zurich ( email )

Rämistrasse 101
ZUE F7
Zürich, 8092
Switzerland

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