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“The impact of curbside parking regulations on car ownership”

Author

Listed:
  • Daniel Albalate

    (Universitat de Barcelona, Departament d’Estadística, Econometria i Economia Aplicada, Avda. Diagonal 690, 08034 (Barcelona) Grup de Recerca en Governs i Mercats (GiM), Institut de Recerca en Economia Aplicada (IREA). Observatory of Analysis and Evaluation of Public Policies.)

  • Albert Gragera

    (Technical University of Denmark, Department of Management Engineering, Produktionstorvet Building 426, 2800 Kgs. Lyngby, Denmark. Observatory of Analysis and Evaluation of Public Policies, Universitat de Barcelona.)

Abstract

Car ownership is a major driver of household travel behavior and has a marked impact on transport demand, energy consumption, emission levels and land use. However, just how curbside parking regulations (i.e. paid parking) affects car ownership remains unclear. Here, we employ a two-way fixed effect model using panel data and difference-in-differences estimations to determine the causal impact of changes in parking regulations and the specific impact of the extension of a city-wide parking policy in Barcelona. Our results suggest that the introduction of paid parking to reduce non-resident/visitor demand has a positive impact on resident car ownership levels. Our welfare analysis suggests that the welfare loss derived from the residents’ parking subsidy and their likely increase in car usage can easily offset the benefits derived from visitor-trip deterrence. This being the case, the tradeoff between efficiency and acceptability requires careful consideration.

Suggested Citation

  • Daniel Albalate & Albert Gragera, 2019. "“The impact of curbside parking regulations on car ownership”," IREA Working Papers 201909, University of Barcelona, Research Institute of Applied Economics, revised Jun 2019.
    • Handle: RePEc:ira:wpaper:201909
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    File URL: http://www.ub.edu/irea/working_papers/2019/201909.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    parking regulations; car ownership; policy evaluation; difference-in-differences. JEL classification:H42; L91; L98; R41; R42; R48.;
    All these keywords.

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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