IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v30y2013icp186-198.html
   My bibliography  Save this article

Curb parking pricing for local residents: An exploration in New York City based on willingness to pay

Author

Listed:
  • Guo, Zhan
  • McDonnell, Simon

Abstract

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. We 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 return 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.

Suggested Citation

  • Guo, Zhan & McDonnell, Simon, 2013. "Curb parking pricing for local residents: An exploration in New York City based on willingness to pay," Transport Policy, Elsevier, vol. 30(C), pages 186-198.
    • Handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:186-198
    DOI: 10.1016/j.tranpol.2013.09.006
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0967070X1300139X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tranpol.2013.09.006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Judith Covey & Graham Loomes & Ian J. Bateman, 2007. "Valuing risk reductions: Testing for range biases in payment card and random card sorting methods," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 50(4), pages 467-482.
    2. Shoup, Donald C., 2004. "The Ideal Source of Local Public Revenue," University of California Transportation Center, Working Papers qt3x03s541, University of California Transportation Center.
    3. Rye, Tom & Ison, Stephen, 2005. "Overcoming barriers to the implementation of car parking charges at UK workplaces," Transport Policy, Elsevier, vol. 12(1), pages 57-64, January.
    4. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
    5. Epstein, Richard A, 2002. "The Allocation of the Commons: Parking on Public Roads," The Journal of Legal Studies, University of Chicago Press, vol. 31(2), pages 515-544, June.
    6. Shoup, Donald C., 2006. "Cruising for Parking," University of California Transportation Center, Working Papers qt55s7079f, University of California Transportation Center.
    7. Richard T. Carson & W. Michael Hanemann & Raymond J. Kopp & Jon A. Krosnick & Robert Cameron Mitchell & Stanley Presser, 1998. "Referendum Design And Contingent Valuation: The Noaa Panel'S No-Vote Recommendation," The Review of Economics and Statistics, MIT Press, vol. 80(3), pages 484-487, August.
    8. Button, Kenneth, 2006. "The political economy of parking charges in "first" and "second-best" worlds," Transport Policy, Elsevier, vol. 13(6), pages 470-478, November.
    9. Shoup, Donald C., 2004. "The ideal source of local public revenue," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 753-784, November.
    10. Jacob Ricker-Gilbert & Thomas S. Jayne & Ephraim Chirwa, 2010. "Subsidies and Crowding Out: A Double-Hurdle Model of Fertilizer Demand in Malawi," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(1), pages 26-42.
    11. Simon McDonnell & Josiah Madar & Vicki Been, 2011. "Minimum parking requirements and housing affordability in New York City," Housing Policy Debate, Taylor & Francis Journals, vol. 21(1), pages 45-68, January.
    12. Bradley Jorgensen & Geoffrey Syme & Brian Bishop & Blair Nancarrow, 1999. "Protest Responses in Contingent Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(1), pages 131-150, July.
    13. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
    14. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    15. Begona Alvarez-Farizo, 1999. "Estimating the Benefits of Agri-environmental Policy: Econometric Issues in Open-ended Contingent Valuation Studies," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 42(1), pages 23-43.
    16. Shoup, Donald C., 2006. "Cruising for parking," Transport Policy, Elsevier, vol. 13(6), pages 479-486, November.
    17. Carol Newman & Maeve Henchion & Alan Matthews, 2003. "A double-hurdle model of Irish household expenditure on prepared meals," Applied Economics, Taylor & Francis Journals, vol. 35(9), pages 1053-1061.
    18. Hensher, David A., 2010. "Hypothetical bias, choice experiments and willingness to pay," Transportation Research Part B: Methodological, Elsevier, vol. 44(6), pages 735-752, July.
    19. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    20. Guo, Zhan, 2013. "Home parking convenience, household car usage, and implications to residential parking policies," Transport Policy, Elsevier, vol. 29(C), pages 97-106.
    21. Zhan Guo, 2013. "Residential Street Parking and Car Ownership," Journal of the American Planning Association, Taylor & Francis Journals, vol. 79(1), pages 32-48, January.
    22. Jones, Andrew M, 1989. "A Double-Hurdle Model of Cigarette Consumption," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 4(1), pages 23-39, Jan.-Mar..
    23. Verhoef, Erik & Nijkamp, Peter & Rietveld, Piet, 1995. "The economics of regulatory parking policies: The (IM)possibilities of parking policies in traffic regulation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(2), pages 141-156, March.
    24. Moore, Christopher C. & Holmes, Thomas P. & Bell, Kathleen P., 2011. "An attribute-based approach to contingent valuation of forest protection programs," Journal of Forest Economics, Elsevier, vol. 17(1), pages 35-52, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thumm, Alex Jürgen & Perl, Anthony, 2020. "Puzzling over parking: Assessing the transitional parking requirement in Vancouver, British Columbia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 85-101.
    2. Brudner, Amir, 2023. "On the management of residential on-street parking: Policies and repercussions," Transport Policy, Elsevier, vol. 138(C), pages 94-107.
    3. Ardeshiri, Ali & Safarighouzhdi, Farshid & Hossein Rashidi, Taha, 2021. "Measuring willingness to pay for shared parking," Transportation Research Part A: Policy and Practice, Elsevier, vol. 152(C), pages 186-202.
    4. Taylor, Elizabeth Jean, 2020. "Parking policy: The politics and uneven use of residential parking space in Melbourne," Land Use Policy, Elsevier, vol. 91(C).
    5. Yegor Yu. Muleev, 2019. "Investigating The Cross-National Comparability Of Testing Using Response Time," HSE Working papers WP BRP 09/URB/2020, National Research University Higher School of Economics.
    6. Subhan, Fazle & Ali, Yasir & Zhao, Shengchuan & Oviedo-Trespalacios, Oscar, 2023. "Understanding and modeling willingness-to-pay for public policies to enhance road safety: A perspective from Pakistan," Transport Policy, Elsevier, vol. 141(C), pages 182-196.
    7. Christiansen, Petter & Engebretsen, Øystein & Fearnley, Nils & Usterud Hanssen, Jan, 2017. "Parking facilities and the built environment: Impacts on travel behaviour," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 198-206.
    8. Khordagui, Nagwa, 2019. "Parking prices and the decision to drive to work: Evidence from California," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 479-495.
    9. Jou, Rong-Chang & Kuo, Chung-Wei & Chiu, Yi-Chun, 2022. "Bidding behaviors for international airline seats in short/long distance flights," Transportation Research Part A: Policy and Practice, Elsevier, vol. 163(C), pages 55-79.
    10. Rong-Chang Jou & Li-Wun Syu, 2021. "Drunk Drivers’ Willingness to Use and to Pay for Designated Drivers," Sustainability, MDPI, vol. 13(10), pages 1-23, May.
    11. Rosenblum, Jeffrey & Hudson, Anne W. & Ben-Joseph, Eran, 2020. "Parking futures: An international review of trends and speculation," Land Use Policy, Elsevier, vol. 91(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Inci, Eren, 2015. "A review of the economics of parking," Economics of Transportation, Elsevier, vol. 4(1), pages 50-63.
    2. Thumm, Alex Jürgen & Perl, Anthony, 2020. "Puzzling over parking: Assessing the transitional parking requirement in Vancouver, British Columbia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 85-101.
    3. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
    4. Juan Li & Jing Ye & Qinglian He & Chunfu Shao, 2016. "A Novel Scheme to Relieve Parking Pressure at Tourist Attractions on Holidays," Sustainability, MDPI, vol. 8(2), pages 1-11, February.
    5. Gallo, Mariano & D'Acierno, Luca & Montella, Bruno, 2011. "A multilayer model to simulate cruising for parking in urban areas," Transport Policy, Elsevier, vol. 18(5), pages 735-744, September.
    6. Wang, Rui & Yuan, Quan, 2013. "Parking practices and policies under rapid motorization: The case of China," Transport Policy, Elsevier, vol. 30(C), pages 109-116.
    7. Tscharaktschiew, Stefan & Reimann, Felix, 2021. "On employer-paid parking and parking (cash-out) policy: A formal synthesis of different perspectives," Transport Policy, Elsevier, vol. 110(C), pages 499-516.
    8. Jesper de Groote & Jos van Ommeren & Hans R. A. Koster, 2018. "The Impact of Parking Policy on House Prices," Journal of Transport Economics and Policy, University of Bath, vol. 52(3), pages 267-26-282.
    9. Scheiner, Joachim & Faust, Nico & Helmer, Johannes & Straub, Michael & Holz-Rau, Christian, 2020. "What's that garage for? Private parking and on-street parking in a high-density urban residential neighbourhood," Journal of Transport Geography, Elsevier, vol. 85(C).
    10. Groote, Jesper De & Ommeren, Jos Van & Koster, Hans R.A., 2016. "Car ownership and residential parking subsidies: Evidence from Amsterdam," Economics of Transportation, Elsevier, vol. 6(C), pages 25-37.
    11. Maas, Alexander & Watson, Philip, 2018. "Enthusiasm curbed: Home value implications of curbside parking rights," Land Use Policy, Elsevier, vol. 77(C), pages 705-711.
    12. van Ommeren, Jos & de Groote, Jesper & Mingardo, Giuliano, 2014. "Residential parking permits and parking supply," Regional Science and Urban Economics, Elsevier, vol. 45(C), pages 33-44.
    13. Arnott, Richard & Inci, Eren & Rowse, John, 2015. "Downtown curbside parking capacity," Journal of Urban Economics, Elsevier, vol. 86(C), pages 83-97.
    14. Christiansen, Petter & Engebretsen, Øystein & Fearnley, Nils & Usterud Hanssen, Jan, 2017. "Parking facilities and the built environment: Impacts on travel behaviour," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 198-206.
    15. Levy, Nadav & Render, Marc & Benenson, Itzhak, 2015. "Spatially explicit modeling of parking search as a tool for urban parking facilities and policy assessment," Transport Policy, Elsevier, vol. 39(C), pages 9-20.
    16. Anne Wambui Mumbi & Tsunemi Watanabe, 2021. "Willingness to Pay and Participate in Improved Water Quality by Lay People and Factory Workers: A Case Study of River Sosiani, Eldoret Municipality, Kenya," Sustainability, MDPI, vol. 13(4), pages 1-30, February.
    17. Frank Crowley & John Eakins & Declan Jordan, 2012. "Participation,Expenditure and Regressivity in the Irish Lottery:Evidence from Irish Household Budget Survey 2004/2005," The Economic and Social Review, Economic and Social Studies, vol. 43(2), pages 199-225.
    18. Richard Mussa, 2013. "Rural--urban differences in parental spending on children's primary education in Malawi," Development Southern Africa, Taylor & Francis Journals, vol. 30(6), pages 789-811, December.
    19. Francis Ostermeijer & Hans RA Koster & Leonardo Nunes & Jos van Ommeren, 2021. "Citywide parking policy and traffic: Evidence from Amsterdam," Tinbergen Institute Discussion Papers 21-015/VIII, Tinbergen Institute.
    20. Reneé van Eyden, 2012. "Consumer demand for alcoholic beverages and tobacco in Lesotho: A double-hurdle approach," Working Papers 315, Economic Research Southern Africa.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:186-198. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.