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Temporal variance of revealed preference on-street parking price elasticity

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Author Info

  • Kelly, J. Andrew
  • Clinch, J. Peter

Abstract

This paper utilises revealed-preference parking trend data from parking meters ex ante and ex post of a general 50% price increase in the hourly cost of on-street parking to estimate the on-street parking price elasticity of demand in an area of Dublin, Ireland. Estimates are presented for the aggregate price elasticity of demand level and individual estimates for specific time periods and days of the week. In terms of reduced parking frequency, the average price elasticity of demand reported is -0.29. Daily average estimates are consistent, with one notable exception being Thursday, a 'late night shopping' day for which a lower price sensitivity is reported. Morning periods are also shown to be more responsive than other time periods in the test area, indicating some potential for influencing morning inbound peak traffic levels.

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Bibliographic Info

Article provided by Elsevier in its journal Transport Policy.

Volume (Year): 16 (2009)
Issue (Month): 4 (August)
Pages: 193-199

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Handle: RePEc:eee:trapol:v:16:y:2009:i:4:p:193-199

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Related research

Keywords: Parking Pricing Policy Elasticity Transport Demand Revealed Preference Time Variance;

References

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  1. Lam, William H.K. & Li, Zhi-Chun & Huang, Hai-Jun & Wong, S.C., 2006. "Modeling time-dependent travel choice problems in road networks with multiple user classes and multiple parking facilities," Transportation Research Part B: Methodological, Elsevier, vol. 40(5), pages 368-395, June.
  2. Shoup, Donald C., 1999. "The trouble with minimum parking requirements," Transportation Research Part A: Policy and Practice, Elsevier, vol. 33(7-8), pages 549-574.
  3. Glazer, Amihai & Niskanen, Esko, 2001. "Parking fees and congestion," University of California Transportation Center, Working Papers qt9h51t02k, University of California Transportation Center.
  4. Andrew Kelly, J. & Peter Clinch, J., 2006. "Influence of varied parking tariffs on parking occupancy levels by trip purpose," Transport Policy, Elsevier, vol. 13(6), pages 487-495, November.
  5. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1991. "A temporal and spatial equilibrium analysis of commuter parking," Journal of Public Economics, Elsevier, vol. 45(3), pages 301-335, August.
  6. Marsden, Greg, 2006. "The evidence base for parking policies--a review," Transport Policy, Elsevier, vol. 13(6), pages 447-457, November.
  7. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  8. Tsamboulas, Dimitrios A., 2001. "Parking fare thresholds: a policy tool," Transport Policy, Elsevier, vol. 8(2), pages 115-124, April.
  9. Hensher, David A. & King, Jenny, 2001. "Parking demand and responsiveness to supply, pricing and location in the Sydney central business district," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(3), pages 177-196, March.
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Citations

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Cited by:
  1. Ottosson, Dadi Baldur & Chen, Cynthia & Wang, Tingting & Lin, Haiyun, 2013. "The sensitivity of on-street parking demand in response to price changes: A case study in Seattle, WA," Transport Policy, Elsevier, vol. 25(C), pages 222-232.
  2. Martijn Kobus & Eva Gutierrez Puigarnau & Piet Rietveld & Jos Van Ommeren, 2012. "The On-Street Parking Premium and Car Drivers' Choice between Street and Garage Parking," Tinbergen Institute Discussion Papers 12-040/3, Tinbergen Institute.
  3. Guo, Zhan, 2013. "Home parking convenience, household car usage, and implications to residential parking policies," Transport Policy, Elsevier, vol. 29(C), pages 97-106.
  4. Madsen, Edith & Mulalic, Ismir & Pilegaard, Ninette, 2013. "A model for estimation of the demand for on-street parking," MPRA Paper 52301, University Library of Munich, Germany.
  5. Angela De Carlo & Angela Stefania Bergantino & Andrea Morone, 2013. "Experiments in transport related choices: the influence of risk and uncertainty in determining workers? behaviour with respect to parking alternatives," ERSA conference papers ersa13p407, European Regional Science Association.
  6. Jos van Ommeren & Jesper de Groote & Giuliano Mingardo, 2013. "Residential Parking Permits and Parking Supply," Tinbergen Institute Discussion Papers 13-059/VIII, Tinbergen Institute.
  7. Jos van Ommeren & Jesper de Groote & Giuliano Mingardo, 2013. "Residential Parking Permits and Parking Supply," Tinbergen Institute Discussion Papers 13-059/VIII, Tinbergen Institute.
  8. van Ommeren, Jos & de Groote, Jesper & Mingardo, Giuliano, 2014. "Residential parking permits and parking supply," Regional Science and Urban Economics, Elsevier, vol. 45(C), pages 33-44.
  9. Martijn Kobus & Eva Gutierrez Puigarnau & Piet Rietveld & Jos Van Ommeren, 2012. "The On-Street Parking Premium and Car Drivers' Choice between Street and Garage Parking," Tinbergen Institute Discussion Papers 12-040/3, Tinbergen Institute.

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