University of California Transportation Center

Through an extended numerical example, this paper develops a diagrammatic analysis of steady-state parking and traffic congestion in an isotropic downtown. The model incorporates curbside parking, garage parking, and price-sensitive travel demand in a unified setting, and provides systematic policy analysis. In particular, we examine the deadweight loss associated with underpriced curbside parking, as well as first- and second-best curbside parking capacities. We also explore the transient dynamics and stability of various downtown traffic equilibria.