Curb parking pricing for local residents: An exploration in New York City based on willingness to pay
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. The authors 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 returned 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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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
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Supplemental Notes:
- Abstract reprinted with permission of Elsevier.
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Authors:
- Guo, Zhan
- McDonnell, Simon
- Publication Date: 2013-11
Language
- English
Media Info
- Media Type: Print
- Features: Figures; Maps; References; Tables;
- Pagination: pp 186-198
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Serial:
- Transport Policy
- Volume: 30
- Issue Number: 0
- Publisher: Elsevier
- ISSN: 0967-070X
- Serial URL: http://www.elsevier.com/locate/issn/096707X
Subject/Index Terms
- TRT Terms: Curb side parking; Parking fees; Permit parking; Residential streets; Value of service pricing
- Geographic Terms: New York (New York)
- Subject Areas: Finance; Highways; Operations and Traffic Management; Policy; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01505369
- Record Type: Publication
- Files: TRIS
- Created Date: Jan 27 2014 11:03AM