SPATIALLY-EXPLICIT TOOLSET FOR ESTABLISHING AND ASSESSING HETEROGENEOUS PARKING PRICES IN THE SMART CITY

Abstract. Cruising for parking stems from local mismatch between the patterns of demand and supply for parking, which reflect urban heterogeneity in a complex non-linear way. We propose ParkSage, a set of spatially-explicit algorithms for establishing spatially heterogeneous parking prices that guarantee target levels of occupation and parking search time. We apply ParkSage for establishing overnight parking prices that guarantee 85% occupation in the Israeli city of Bat Yam. We investigate the resolution of pricing units necessary for reducing cruising and demonstrate that pricing by transport analysis zones (TAZ) produces similar benefits to the commonly proposed pricing by road links, in addition to being more comprehensible to drivers.