Private parking space owners’ decision in response to shared parking schemes under uncertainty: results of a stated choice experiment

To develop effective strategies for the supply of shared parking and study various theoretical choice models under uncertainty, this paper investigates private parking space owners’ propensity to engage in shared parking schemes using a stated choice experiment that involves an uncertain key attribute. First, a hybrid expected utility-regret model is specified to explore private parking space owners' propensity to participate in shared parking. Next, another emotion - rejoice - is added to the hybrid function. Finally, equivalent models considering the perception of attribute differences are estimated. Results show that socio-demographic characteristics, social influence, government's role, media attention, platform fee, and revenues are all important factors explaining private parking owners’ propensity to engage in shared parking schemes. The model incorporating all these components produces the best results.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; References; Tables;
  • Pagination: 15p

Subject/Index Terms

Filing Info

  • Accession Number: 01764342
  • Record Type: Publication
  • Report/Paper Numbers: TRBAM-21-02162
  • Files: TRIS, TRB, ATRI
  • Created Date: Dec 23 2020 11:27AM