Highlights I study whether it makes sense to policy-discriminate otherwise homogenous parking. Answer is positive if motorists are heterogenous, can steer search towards best option. Short-term parkers should never be excluded from any vacant parking. Model extension studies optimal regulation for “special needs” parking. Best policy increases supply of such parking, allows regular users to take it at extra cost.

    Abstract The paper investigates under what conditions it is optimal to exclude some motorists searching for parking from occupying a vacant parking bay. Privileged parking is found to be optimal if motorists are heterogenous and can steer their search towards or away from such parking. The socially optimal allocation of privileges and search strategies are characterized. The second-best pricing policies in the presence of cruising-for-parking externality are described; short-term parkers should always be allowed to take the first vacant bay they find. A model extension studies technologically modified “special needs” parking. Unlike existing policies that make such parking exclusive for special-needs motorists, the optimal policy makes it available for an extra fee to anyone, while increasing the number of special-needs bays so that even the initial users are better off.


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    Title :

    The merits of privileged parking


    Contributors:


    Publication date :

    2020-08-16


    Size :

    17 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English





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