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The housing market impacts of bicycle-sharing systems

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  • Shr, Yau-Huo (Jimmy)
  • Yang, Feng-An
  • Chen, Yi-Syun

Abstract

This study provides the first willingness-to-pay estimate for docked bicycle-sharing systems by identifying these systems’ impacts on rental property values. Using rental listing data in Taiwan and applying a spatial difference-in-differences strategy, we find that the inception of a bicycle-sharing system significantly increases the rental prices of nearby properties. Results also indicate that citizens benefit from the system by solving the first-and-last-mile problem in public transportation but do not value the system as an independent transportation mode. We do not find robust evidence showing that the inception of a bicycle-sharing system improves air quality.

Suggested Citation

  • Shr, Yau-Huo (Jimmy) & Yang, Feng-An & Chen, Yi-Syun, 2023. "The housing market impacts of bicycle-sharing systems," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    • Handle: RePEc:eee:regeco:v:98:y:2023:i:c:s0166046222000874
    DOI: 10.1016/j.regsciurbeco.2022.103849
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    More about this item

    Keywords

    Hedonic price models; Public bike share schemes; Urban commuting; Sustainable transportation;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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