TY  - JOUR
AU  - Arnott,Richard
AU  - Inci,Eren
TI  - An Integrated Model of Downtown Parking and Traffic Congestion
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11118
PY  - 2005
Y2  - February 2005
UR  - http://www.nber.org/papers/w11118
L1  - http://www.nber.org/papers/w11118.pdf
N1  - Author contact info:
Richard J. Arnott
Department of Economics
Boston College
Chestnut Hill, MA 02467
Tel: 617/552-3674
Fax: 617/552-2308
E-Mail: richard.arnott@ucr.edu

Eren Inci
Sabanci University - FASS
Orhanli / Tuzla
34956 - Istanbul
TURKEY
E-Mail: ereninci@sabanciuniv.edu
AB  - This paper presents a downtown parking model that integrates traffic congestion and saturated on-street parking. We assume that the stock of cars cruising for parking adds to traffic congestion. Two major results come out from the model, one of which is robust. The robust one is that, whether or not the amount of on-street parking is optimal, it is efficient to raise the on-street parking fee to the point where cruising for parking is eliminated without parking becoming unsaturated. The other is that, if the parking fee is fixed at a sub-optimal level, it is second-best optimal to increase the amount of curbside allocated to parking until cruising for parking is eliminated without parking becoming unsaturated.
ER  -