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Rethinking performance based parking pricing: A case study of SFpark

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  • Fabusuyi, Tayo
  • Hampshire, Robert C.

Abstract

In an effort to reduce circling and cruising in cities’ central business districts (CBDs), a number of cities have begun implementing pricing programs that modify parking rates based on observed occupancy levels. We improve on this pricing mechanism by developing a forward-looking policy instrument. The instrument employs a two-stage panel data regression and optimization model that influences demand for parking spaces by changing parking rates via computed price elasticities of parking demand measures. Coefficient estimates that include the elasticity measures from the panel data regression are used to fit a linear prediction model that is the primary input to the optimization model.

Suggested Citation

  • Fabusuyi, Tayo & Hampshire, Robert C., 2018. "Rethinking performance based parking pricing: A case study of SFpark," Transportation Research Part A: Policy and Practice, Elsevier, vol. 115(C), pages 90-101.
    • Handle: RePEc:eee:transa:v:115:y:2018:i:c:p:90-101
    DOI: 10.1016/j.tra.2018.02.001
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    References listed on IDEAS

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    Cited by:

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    3. Jun Li & Sifan Wu & Xiaoman Feng, 2021. "Optimization of On-Street Parking Charges Based on Price Elasticity of the Expected Perceived Parking Cost," Sustainability, MDPI, vol. 13(10), pages 1-13, May.
    4. Seya, Hajime & Asaoka, Taiki & Chikaraishi, Makoto & Axhausen, Kay W., 2024. "Estimating the price elasticity of demand for off-street parking in Hiroshima City, Japan," Transportation Research Part A: Policy and Practice, Elsevier, vol. 183(C).
    5. Kadkhodaei, Masoud & Shad, Rouzbeh & Ziaee, Seyed Ali & Kadkhodaei, Mohsen, 2023. "Prediction model for drivers' tendency to perpetrate a double parking violation on urban trips," Transport Policy, Elsevier, vol. 141(C), pages 331-339.
    6. Najmi, Ali & Bostanara, Maryam & Gu, Ziyuan & Rashidi, Taha H., 2021. "On-street parking management and pricing policies: An evaluation from a system enhancement perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 146(C), pages 128-151.

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