PARKING PATTERNS AND PRICES IN THE CBD

This paper shows how the flow of automobile traffic from residential areas is allocated among downtown parking facilities by a pattern of prices that acts to minimize the total driving and subsequent walking costs for the drivers as a group. These prices also provide the maximum revenue that can be collected each parking facility when competing freely. A set of data from a central business district with more than 10,000 parking spaces demonstrates the validity of the analysis and shows that the parking patterns and prices can be determined inexpensively by computer. The model should be useful to traffic engineers and urban planners in their design of more efficient urban transportation systems.

• Record URL:
  • http://onlinepubs.trb.org/Onlinepubs/trr/1974/514/514-005.pdf
• Summary URL:
  • http://scholar.google.com/scholar_lookup?title=PARKING+PATTERNS+AND+PRICES+IN+THE+CBD&author=C.+Okechuku&author=T.+Lambe&publication_year=1974
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03611981
• Supplemental Notes:
  • Publication of this paper sponsored by Committee on Parking and Terminals. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Authors:
  • Okechuku, C
  • Lambe, T A
• Conference:
  • 53rd Annual Meeting of the Highway Research Board
  • Location: Washington District of Columbia, United States
  • Date: 1974-1-21 to 1974-1-25
• Publication Date: 1974

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 44-54
• Monograph Title: Traffic operations
• Serial:
  • Transportation Research Record
  • Issue Number: 514
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Analysis; Central business districts; Mathematical models; Parking; Pay parking; Prices; Traffic engineering; Transportation planning; Urban transportation
• Uncontrolled Terms: Models; Parking costs; Patterns
• Subject Areas: Highways; Operations and Traffic Management; Public Transportation;

Filing Info

• Accession Number: 00083970
• Record Type: Publication
• ISBN: 0309023580
• Files: TRIS, TRB
• Created Date: Apr 8 1982 12:00AM