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Curb parking pricing for local residents: An exploration in New York City based on willingness to pay

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  • Guo, Zhan
  • McDonnell, Simon

Abstract

This paper investigates the feasibility of charging residents for on-street parking in dense urban neighborhoods as a way to clear parking supply and demand. We elicited residents' willingness to pay (WTP) for a hypothetical parking permit program in New York City using a payment card approach, and estimate the key determinants through a Double Hurdle model. A little more than half of respondents (52.5%) are willing to pay for an average $408 per year, even though the revenue is not specified to be return back to the neighborhoods. Pricing becomes more acceptable in neighborhoods where the major parking problem is shortage and crowding caused mainly by local residents instead of parking intrusion by non-residents. The WTP value varies by resident car ownership and home parking types. The results suggest that curb parking pricing for local residents might be both economically and politically feasible in certain dense urban neighborhoods.

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  • Guo, Zhan & McDonnell, Simon, 2013. "Curb parking pricing for local residents: An exploration in New York City based on willingness to pay," Transport Policy, Elsevier, vol. 30(C), pages 186-198.
    • Handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:186-198
    DOI: 10.1016/j.tranpol.2013.09.006
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    6. Brudner, Amir, 2023. "On the management of residential on-street parking: Policies and repercussions," Transport Policy, Elsevier, vol. 138(C), pages 94-107.
    7. Ardeshiri, Ali & Safarighouzhdi, Farshid & Hossein Rashidi, Taha, 2021. "Measuring willingness to pay for shared parking," Transportation Research Part A: Policy and Practice, Elsevier, vol. 152(C), pages 186-202.
    8. Taylor, Elizabeth Jean, 2020. "Parking policy: The politics and uneven use of residential parking space in Melbourne," Land Use Policy, Elsevier, vol. 91(C).
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    10. Rong-Chang Jou & Li-Wun Syu, 2021. "Drunk Drivers’ Willingness to Use and to Pay for Designated Drivers," Sustainability, MDPI, vol. 13(10), pages 1-23, May.
    11. Rosenblum, Jeffrey & Hudson, Anne W. & Ben-Joseph, Eran, 2020. "Parking futures: An international review of trends and speculation," Land Use Policy, Elsevier, vol. 91(C).

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