Abstract
This paper models the joint equilibrium of destination and parking choices in cities under hybrid supply of curbside parking and shared parking. Given the parking supply (capacities and prices), the joint equilibrium of destination and parking choices is formulated as a variational inequality problem. We then discuss the existence and uniqueness/non-uniqueness of the joint equilibrium. We also analyze the pricing strategies of private and public shared parking operators and how these are related to travelers’ destination and parking choices, where a private operator maximizes its profit (can be either monopoly or oligopoly) and a public operator maximizes social benefit. Numerical results are presented to illustrate the model and analytical results, and also to provide further understanding.
Original language | English |
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Article number | 103301 |
Journal | Transportation Research Part C: Emerging Technologies |
Volume | 130 |
DOIs | |
Publication status | Published - Sept 2021 |
Externally published | Yes |
Keywords
- Destination choice
- Joint equilibrium
- Parking choice
- Pricing strategies
- Shared parking
ASJC Scopus subject areas
- Civil and Structural Engineering
- Automotive Engineering
- Transportation
- Computer Science Applications