The economics of parking occupancy sensors

Parking occupancy sensors are devices that assist search of vacant parking. The interplay between two government policies, installation of sensors and pricing parking, is studied. When parking is congested and the uniform price is optimal, installation of sensors raises the price, increases turnover of parking. If price discrimination is considered, sensored parking should be cheaper than non-sensored. To achieve optimal search of vacant parking, it is sufficient to equip only a fraction of parking with sensors. Underpriced parking may dampen the sensor installation incentive, relative to the incentive to build extra parking. Nevertheless, in absolute terms the sensor installation incentive is substantial even with free parking.

• Record URL:
  • https://doi.org/10.1016/j.ecotra.2018.11.001
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S2212012218301072
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/22120122
• Supplemental Notes:
  • © 2018 Elsevier Ltd. All rights reserved. Abstract reprinted with permission of Elsevier.
• Authors:
  • Zakharenko, Roman
• Publication Date: 2019-3

Language

• English

Media Info

• Media Type: Web
• Features: Appendices; Figures; References;
• Pagination: pp 14-23
• Serial:
  • Economics of Transportation
  • Volume: 17
  • Issue Number: 0
  • Publisher: Elsevier Science Publishers BV
  • ISSN: 2212-0122
  • Serial URL: http://www.sciencedirect.com/science/journal/22120122

Subject/Index Terms

• TRT Terms: Economic factors; Installation; Parking facilities; Parking guidance systems; Pricing; Sensors
• Uncontrolled Terms: Vacant parking spaces
• Subject Areas: Finance; Highways; Operations and Traffic Management;

Filing Info

• Accession Number: 01690472
• Record Type: Publication
• Files: TRIS
• Created Date: Dec 31 2018 3:27PM