Temporal variance of revealed preference on-street parking price elasticity

This paper utilizes 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.

• Record URL:
  http://www.sciencedirect.com/science/article/B6VGG-4WR5NMF-1/2/946a25136f27ca469daed04897b7f2d2
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier
• Authors:
  • Kelly, J Andrew
  • Clinch, J Peter
• Publication Date: 2009-8

Language

• English

Media Info

• Media Type: Print
• Features: References; Tables;
• Pagination: pp 193-199
• Serial:
  • Transport Policy
  • Volume: 16
  • Issue Number: 4
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Days; Elasticity (Economics); On street parking; Parking demand; Parking meters; Periods of the day; Prices; Revealed preferences
• Uncontrolled Terms: Temporal analysis
• Geographic Terms: Dublin (Ireland)
• Subject Areas: Economics; Highways;

Filing Info

• Accession Number: 01140690
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Sep 28 2009 7:19AM