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

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  • 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.

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  • 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
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    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.
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    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).

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