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Downtown parking meter demand in a border metropolitan economy

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  • Fullerton
  • E. Pallarez
  • Walke

Abstract

Prior research establishes that the price of parking in the city centre often impacts the decision to travel downtown and the mode of transportation utilized. Other factors that influence the decision to drive and park downtown have received less attention. This study uses time series data to analyse the demand for metered parking spaces in El Paso, Texas, USA. In addition to meter rates, the determinants of demand include personal income, gasoline prices and the price of a substitute good, parking garage spaces. Because international bridges connect downtown El Paso to neighbouring Ciudad Ju z, Chihuahua, Mexico, the impacts of trans-boundary traffic flows, bridge tolls and other cross-border economic variables are also included as potential determinants of metered parking demand. Results indicate that parking meter rates, other transportation-related costs, and economic conditions in both countries affect meter use.

Suggested Citation

  • Fullerton & E. Pallarez & Walke, 2015. "Downtown parking meter demand in a border metropolitan economy," Applied Economics, Taylor & Francis Journals, vol. 47(48), pages 5121-5130, October.
    • Handle: RePEc:taf:applec:v:47:y:2015:i:48:p:5121-5130
    DOI: 10.1080/00036846.2015.1042146
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    References listed on IDEAS

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    Cited by:

    1. Lehner, Stephan & Peer, Stefanie, 2019. "The price elasticity of parking: A meta-analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 177-191.

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