EFFECTS OF PARKING COSTS ON URBAN TRANSPORT MODAL CHOICE

The effects of parking costs on urban modal choice are investigated by using a standard binary-choice model and estimated by using the logit technique. Previous studies have misspecified the form of the parking-cost variable and the model normally estiamted. After estimating the traditional and correctly specified models, the claim that parking taxes are an effective substitute for roadway pricing in influencing congestion is only partially supported. Aggregate elasticities for four policy-oriented variables are calculated. The elasticities provide a measure of the bias from misspecification and indicate the most effective policy variable for the reduction of automobile use. /Author/

Media Info

  • Media Type: Print
  • Features: References; Tables;
  • Pagination: pp 46-51
  • Monograph Title: Forecasting passenger and freight travel
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00176458
  • Record Type: Publication
  • ISBN: 0309026644
  • Files: TRIS, TRB
  • Created Date: Jun 14 1982 12:00AM