The economics of regulatory parking policies: the (im-)possibilities of parking policies in traffic regulation

E.T. Verhoef, P. Nijkamp, P. Rietveld

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

This article contains an economic analysis of regulatory parking policies as a substitute to road pricing. The scope for such policies is discussed, after which a simple diagrammatic analysis is presented, focusing on the differences between the use of parking fees and physical restrictions on parking space supply. The former is found to be superior for three reasons: an information argument, a temporal efficiency argument and an intertemporal efficiency argument. Finally, a spatial parking model is developed, showing that it may be possible to overcome the difficulty of regulatory parking policies not differentiating according to distance driven by specifying the appropriate spatial pattern of parking fees, making individuals respond to (spatial) parking fee differentials. © 1995.
Original languageEnglish
Pages (from-to)141-156
Number of pages15
JournalTransportation Research. Part A: Policy & Practice
Volume29
Issue number2
DOIs
Publication statusPublished - 1995

Fingerprint

Parking
fee
traffic
regulation
Economics
economics
efficiency
pricing
road
supply
Economic analysis
Fees
Costs

Cite this

@article{55e1da4502de4dacbac22b82a6d998fc,
title = "The economics of regulatory parking policies: the (im-)possibilities of parking policies in traffic regulation",
abstract = "This article contains an economic analysis of regulatory parking policies as a substitute to road pricing. The scope for such policies is discussed, after which a simple diagrammatic analysis is presented, focusing on the differences between the use of parking fees and physical restrictions on parking space supply. The former is found to be superior for three reasons: an information argument, a temporal efficiency argument and an intertemporal efficiency argument. Finally, a spatial parking model is developed, showing that it may be possible to overcome the difficulty of regulatory parking policies not differentiating according to distance driven by specifying the appropriate spatial pattern of parking fees, making individuals respond to (spatial) parking fee differentials. {\circledC} 1995.",
author = "E.T. Verhoef and P. Nijkamp and P. Rietveld",
year = "1995",
doi = "10.1016/0965-8564(94)E0014-Z",
language = "English",
volume = "29",
pages = "141--156",
journal = "Transportation Research. Part A: Policy & Practice",
issn = "0965-8564",
publisher = "Elsevier Limited",
number = "2",

}

The economics of regulatory parking policies: the (im-)possibilities of parking policies in traffic regulation. / Verhoef, E.T.; Nijkamp, P.; Rietveld, P.

In: Transportation Research. Part A: Policy & Practice, Vol. 29, No. 2, 1995, p. 141-156.

Research output: Contribution to JournalArticleAcademicpeer-review

TY - JOUR

T1 - The economics of regulatory parking policies: the (im-)possibilities of parking policies in traffic regulation

AU - Verhoef, E.T.

AU - Nijkamp, P.

AU - Rietveld, P.

PY - 1995

Y1 - 1995

N2 - This article contains an economic analysis of regulatory parking policies as a substitute to road pricing. The scope for such policies is discussed, after which a simple diagrammatic analysis is presented, focusing on the differences between the use of parking fees and physical restrictions on parking space supply. The former is found to be superior for three reasons: an information argument, a temporal efficiency argument and an intertemporal efficiency argument. Finally, a spatial parking model is developed, showing that it may be possible to overcome the difficulty of regulatory parking policies not differentiating according to distance driven by specifying the appropriate spatial pattern of parking fees, making individuals respond to (spatial) parking fee differentials. © 1995.

AB - This article contains an economic analysis of regulatory parking policies as a substitute to road pricing. The scope for such policies is discussed, after which a simple diagrammatic analysis is presented, focusing on the differences between the use of parking fees and physical restrictions on parking space supply. The former is found to be superior for three reasons: an information argument, a temporal efficiency argument and an intertemporal efficiency argument. Finally, a spatial parking model is developed, showing that it may be possible to overcome the difficulty of regulatory parking policies not differentiating according to distance driven by specifying the appropriate spatial pattern of parking fees, making individuals respond to (spatial) parking fee differentials. © 1995.

U2 - 10.1016/0965-8564(94)E0014-Z

DO - 10.1016/0965-8564(94)E0014-Z

M3 - Article

VL - 29

SP - 141

EP - 156

JO - Transportation Research. Part A: Policy & Practice

JF - Transportation Research. Part A: Policy & Practice

SN - 0965-8564

IS - 2

ER -