Conferences at Department of Economics, University of Toronto, RCEF 2012: Cities, Open Economies, and Public Policy

Font Size:  Small  Medium  Large

Downtown Parking and Traffic Congestion: A Diagrammatic Exposition

Richard Arnott, Eren Inci, John Rowse

Last modified: 2012-05-11

Abstract


Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and price-sensitive travel demand in a unified setting. We examine the deadweight loss associated with underpriced curbside parking, as well as first- and second-best curbside parking capacities. We also explore the transient dynamics and stability of various downtown traffic equilibria.

Full Text: PDF