The Stability of downtown parking and traffic congestion

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Walters' classic paper (1961, Econometrica 29, 676-699), there has been an on-going debate concerning whether a steady-state hypercongested equilibrium can be stable. For a particular structural model of downtown traffic flow and parking, this paper demonstrates that a steady-state hypercongested equilibrium can be stable. Some other sensible models of traffic congestion conclude that steady-state hypercongested travel cannot be stable, and that queues develop to ration the demand in steady states. Thus, we interpret our result to imply that, when steady-state demand is so high that it cannot be rationed through congested travel, the trip price increase necessary to ration the demand may be generated either through the formation of steady-state queues or through hypercongested travel, and that which mechanism occurs depends on details of the traffic system

The stability of downtown parking and traffic congestion

Consider a transport facility in steady state that is operating at maximum throughput. How does it respond to a once-and-for-all increase in demand? The trip price must increase to ration the increased demand, but how? These questions have been the subject of a debate in transport economic theory dating back to Walters’ classic paper (1961). The current wisdom is that the facility continues to operate at full capacity, with travel at reduced velocity and/or increased queuing serving to increase the trip price. This paper analyzes the transient dynamics and stability of steady states for a spatially uniform road network with on-street parking, and finds in this context that the increase in demand may cause operation at reduced throughput

The Stability of Downtown Parking and Traffic Congestion

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Walters' classic paper (1961, Econometrica 29, 676-699), there has been an on-going debate concerning whether a steady-state hypercongested equilibrium can be stable. For a particular structural model of downtown traffic flow and parking, this paper demonstrates that a steady-state hypercongested equilibrium can be stable. Some other sensible models of traffic congestion conclude that steady-state hypercongested travel cannot be stable, and that queues develop to ration the demand in steady states. Thus, we interpret our result to imply that, when steady-state demand is so high that it cannot be rationed through congested travel, the trip price increase necessary to ration the demand may be generated either through the formation of steady-state queues or through hypercongested travel, and that which mechanism occurs depends on details of the traffic system.traffic congestion, cruising for parking, on-street parking, hypercongestion

THE STABILITY OF DOWNTOWN PARKING AND TRAFFIC CONGESTION

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Waltersí classic paper (1961, Econometrica 29, 676- 699), there has been an on-going debate concerning whether a steady-state hypercongested equilibrium can be stable. For a particular structural model of downtown traffic flow and parking, this paper demonstrates that a steady- state hypercongested equilibrium can be stable. Some other sensible models of traffic congestion conclude that steady-state hypercongested travel cannot be stable, and that queues develop to ration the demand in steady states. Thus, we interpret our result to imply that, when steady-state demand is so high that it cannot be rationed through congested travel, the trip price increase necessary to ration the demand may be generated either through the forma- tion of steady-state queues or through hypercongested travel, and that which mechanism occurs depends on details of the traffic system.traffic congestion, cruising for parking, on-street parking, hyper-congestion

The Stability of Downtown Parking and Traffic Congestion

In classical traffic flow theory, there are two velocities associated with a given level of traffic flow. Following Vickrey, economists have termed travel at the higher speed congested travel and at the lower speed hypercongested travel. Since the publication of Walters. classic paper, there has been an on-going debate concerning whether a steady-state hypercongested equilibrium can be stable. For a particular structural model of downtown traffic flow and parking, this paper demonstrates that a steady-state hypercongested equilibrium can be stable. Some other sensible models of traffic congestion conclude that steady-state hypercongested travel cannot be stable, and that queues develop to ration the demand in steady states. Thus, we interpret our result to imply that, when steady-state demand is so high that it cannot be rationed through congested travel, the trip price increase necessary to ration the demand may be generated either through the formation of steady-state queues or through hypercongested travel, and that which mechanism occurs depends on details of the traffic system.traffic congestion, cruising for parking, on-street parking, hypercongestion

Individual tradable permit market and traffic congestion: An experimental study

This paper investigates the potential of an individual tradable permit system in an experimental two-sided repeated double auction market to overcome over-consumption through road demand management. The evaluation of this system shows that traders exhibit strong dependence on reservation price and there are significant transfers of permit from low value users to high value users. During peak hours, the permit price increases owing to high demand, so the cost of using the road is high during congestion. This creates incentive for low value drivers to postpone their trips and resell permits in the peak hours to gain profit. The results show the delayer pays principle, in which drivers who value highly have to pay drivers who are willing to stay off the road during peak hours.: Individual tradable permit, Congestion, High value and low value drivers, Allocative efficiency

Urban Land-use and Traffic Congestion: Mapping the Interaction

The interaction between transport, land-uses and travel patterns produce diverse transportation problems in urban cities with traffic congestion as the most visible manifestation. Traffic congestion is a frequent phenomenon in most cities around the globe. This paper reviews the interaction between land-use traffic congestion through published literature. The objective of this study is to encourage and provide researchers with future research directions in land-use and traffic congestion. For this purpose, a systematic review was performed analysing 45 articles from the year 2010 to 2020 using a descriptive approach. Subsequently, the results of the study show that although the interaction between land-use and traffic congestion has gained currency in developed countries far less is known on this subject in developing parts of the world, though new evidence is steadily accumulating. Consequently, limitations of this work are presented, opportunities are identified for future lines of research. Finally, the conclusion confirms the need for further research addressing the methodological concerns

Transport Policies in Latin America

The issues of air pollution and traffic congestion in Latin America have been growing increasingly important since the end of the 20th century. The latter may help explain why several cities around the continent have tried different combination of public policies with vary-ing degrees of success. We describe the policies that outline the Latin American experience in this matter and hope to be a useful reference to subsequent research in the area.Transport policies, driving restrictions, public transport, air pollution, car use

Examination of On-Street Parking and Traffic Congestion Problems in Lokoja

Parking and traffic congestion is synonymous to each other because failure to meet parking demand of people in a city lead to on-street parking that results to traffic congestion. Traffic congestion is a condition on road networks that occurs as use increases, and is characterized by slower speeds, longer trip times, and increased vehicular queuing. The availability of less space in urban areas has increased demand for parking space especially in central business area. Inadequate off-street parking in most of our urban centres has metamorphosed to the problem of on-street parking coupled with inadequate traffic management commonly experienced today in most Nigerian cities. In view of the above, this research work examined the menace of on-street parking and traffic congestion problems in Lokoja, Nigeria. The study was conducted using questionnaires and field observation to collect the required data at the locations/corridors in the city where on-street parking and traffic congestion were prominent and also, adequate survey of the traffic devices in the locations of study was also conducted to determine it functionality. Four hundred and fifty one (451) questionnaires were administered to the shop-owners, one hundred and seventy four (174) to the parked vehicle-owners and one hundred and two (102) to the commuters, to make a total of seven hundred and twenty seven (727) research samples. Finding revealed that inadequate parking, infectiveness of traffic devices, absences of loading and offloading bays etc have caused on-street parking and traffic congestion in Lokoja. To reduce the menace, policy measures are recommended among which are; institution of enforcement of traffic rules and regulations by disciplined law enforcement agents, relocation of certain activities that caused on-street parking and introduction of intelligent transport system which make use of sustainable devices such as Bluetooth and other communication/mobile devices, traffic management improvement and provision of off-street parking facilities in the city plan. Key word: Transportation, on-street parking, traffic management, urban center, traffic congestion, Lokoj