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.

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

Filing Info

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