Modelling the impact of alternative pricing policies on an urban multimodal traffic corridor

This paper investigates the effects of alternative or joint schemes of road pricing and parking pricing to verify if private behaviour in operating parking facilities, road tolling and transit systems can lead to profitable results in the private sector and for public welfare. The evaluation is carr...

Full description

Saved in:
Bibliographic Details
Published in:Transport policy 2011-11, Vol.18 (6), p.777-785
Main Authors: Inturri, Giuseppe, Ignaccolo, Matteo
Format: Article
Language:English
Subjects:
Corridors
Costs
Optimal tolling
Park pricing
Park pricing Road pricing Park-and-ride User equilibrium Optimal tolling
Park-and-ride
Parking
Policies
Pricing
Road pricing
Roads
Traffic engineering
Traffic flow
User equilibrium
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper investigates the effects of alternative or joint schemes of road pricing and parking pricing to verify if private behaviour in operating parking facilities, road tolling and transit systems can lead to profitable results in the private sector and for public welfare. The evaluation is carried out using an idealised urban multimodal traffic corridor with some numerical examples that show the effects of different pricing policies. A Deterministic User Equilibrium assignment procedure is used to calculate certain performance indicators such as user travel costs, social costs and private profit. The results show that the system is highly sensitive to pricing policy and that a proper joint pricing of park-and-ride facilities, city centre parking and road tolls can be developed to simultaneously attain good private and social benefits. ► We investigate the effects of joint road and parking pricing policies on an urban multimodal traffic corridor. ► We calculate user travel costs and private profit for different transport scenarios. ► A proper road and parking policy can be profitable and welfare-enhancing at the same time.
ISSN:0967-070X
1879-310X
DOI:10.1016/j.tranpol.2011.04.002