Pricing Analysis of Parking Congestion Based on the Parking City Model

On-street parking facility is widely established as a means to alleviate urban parking problems. Meanwhile, the urban traffic congestion problem is more common. If the on-street parking users pay for the traffic congestion costs caused by parking, this will reduce social costs while meeting parking needs of on-street parking user. This also has a certain effect on alleviating urban traffic congestion. This paper calculated the total congestion cost caused by on-street parking which is generated by each traveler in the parking city model, and pricing the on-street parking charges based on congestion costs. The research shows the calculation method about how to calculate the optimal on-street parking price when aiming at get the minimum travel cost of urban residents, and finally present a model result.