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Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown and provides systematic policy analysis. Unlike our previous work, the model incorporates curbside parking, garage parking, and...
Persistent link: https://www.econbiz.de/10010575845
In many downtown areas, privately operated parking garages compete with each other and with publicly operated curbside parking. Garages exercise market power by charging fees that vary with parking duration. Curbside space is scarce, and drivers have to search for it. This creates a congestion...
Persistent link: https://www.econbiz.de/10011076043