IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v16y2009i4p193-199.html
   My bibliography  Save this article

Temporal variance of revealed preference on-street parking price elasticity

Author

Listed:
  • 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.

Suggested Citation

  • Kelly, J. Andrew & Clinch, J. Peter, 2009. "Temporal variance of revealed preference on-street parking price elasticity," Transport Policy, Elsevier, vol. 16(4), pages 193-199, August.
  • Handle: RePEc:eee:trapol:v:16:y:2009:i:4:p:193-199
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0967-070X(09)00075-4
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. Tsamboulas, Dimitrios A., 2001. "Parking fare thresholds: a policy tool," Transport Policy, Elsevier, vol. 8(2), pages 115-124, April.
    6. 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.
    7. Glazer, Amihai & Niskanen, Esko, 1992. "Parking fees and congestion," Regional Science and Urban Economics, Elsevier, vol. 22(1), pages 123-132, March.
    8. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
    9. Marsden, Greg, 2006. "The evidence base for parking policies--a review," Transport Policy, Elsevier, vol. 13(6), pages 447-457, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bergantino, Angela Stefania & De Carlo, Angela & Morone, Andrea, 2015. "Individuals’ behaviour with respect to parking alternatives: a laboratory experiment," MPRA Paper 63815, University Library of Munich, Germany.
    2. Eren Inci & Jos N. van Ommeren & Martijn Kobus, 2015. "The External Cruising Costs of Parking," Tinbergen Institute Discussion Papers 15-117/VIII, Tinbergen Institute.
    3. Kobus, Martijn B.W. & Gutiérrez-i-Puigarnau, Eva & Rietveld, Piet & Van Ommeren, Jos N., 2013. "The on-street parking premium and car drivers' choice between street and garage parking," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 395-403.
    4. 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.
    5. Gragera, Albert & Albalate, Daniel, 2016. "The impact of curbside parking regulation on garage demand," Transport Policy, Elsevier, vol. 47(C), pages 160-168.
    6. 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.
    7. Weinberger, Rachel, 2012. "Death by a thousand curb-cuts: Evidence on the effect of minimum parking requirements on the choice to drive," Transport Policy, Elsevier, vol. 20(C), pages 93-102.
    8. Guo, Zhan, 2013. "Home parking convenience, household car usage, and implications to residential parking policies," Transport Policy, Elsevier, vol. 29(C), pages 97-106.
    9. 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.
    10. Hymel, Kent, 2014. "Do parking fees affect retail sales? Evidence from Starbucks," Economics of Transportation, Elsevier, vol. 3(3), pages 221-233.
    11. Cats, Oded & Zhang, Chen & Nissan, Albania, 2016. "Survey methodology for measuring parking occupancy: Impacts of an on-street parking pricing scheme in an urban center," Transport Policy, Elsevier, vol. 47(C), pages 55-63.
    12. Milosavljević, Nada & Simićević, Jelena, 2016. "User response to parking policy change: A comparison of stated and revealed preference data," Transport Policy, Elsevier, vol. 46(C), pages 40-45.
    13. 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.
    14. Inci, Eren, 2015. "A review of the economics of parking," Economics of Transportation, Elsevier, vol. 4(1), pages 50-63.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:16:y:2009:i:4:p:193-199. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.