The Switching Process of Parking Pricing Principle: From Duration-Based to Rights-Based

This paper explores the insights of duration-based and rights-based parking pricing principles for heterogeneous parking demand with different parking time periods. We assume that there are two types of parking demand: short-term and long-term. These two groups of demand compete for a limited and fixed number of parking spaces. It is also expected that a monopolist parking manager will set a pair of parking fees for the short-term and long-term parkers in order to maximize the total profit. For different potential demand situations, our paper demonstrates the insights of duration-based and rights-based parking pricing principles. We show that switching process of the pricing principle from the duration-based to the rights-based as the potential short-term demand increases.

• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Chu, Chih-Peng
  • Tsai, Jyh-Fa
• Conference:
  • Transportation Research Board 86th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2007-1-21 to 2007-1-25
• Date: 2007

Language

• English

Media Info

• Media Type: CD-ROM
• Features: Figures; References;
• Pagination: 11p
• Monograph Title: TRB 86th Annual Meeting Compendium of Papers CD-ROM

Subject/Index Terms

• TRT Terms: Demand; Parking; Parking demand; Parking duration; Parking facilities; Parking regulations; Time duration; Time periods
• Uncontrolled Terms: Principles; Short duration operations
• Subject Areas: Economics; Highways; Public Transportation; Society; Terminals and Facilities; I10: Economics and Administration;

Filing Info

• Accession Number: 01044580
• Record Type: Publication
• Report/Paper Numbers: 07-1053
• Files: TRIS, TRB
• Created Date: Feb 8 2007 5:39PM