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Curbside parking pricing in a city centre using a threshold

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  • Zhang, Rong
  • Zhu, Lichao

Abstract

How to set reasonable pricing for curbside parking, while balancing the demand for and the supply of parking spaces, is a troublesome problem for metropolitan areas such as Shanghai. This paper addresses this problem from the perspective of choice behaviour. Our research focuses on the parking charge cut-off point, which is the minimum or maximum acceptable value that a driver sets for an attribute. A multiple linear regression model reveals that older and inexperienced drivers are more likely to ignore the charge cut-off points they themselves have set. Discrete choice models incorporating charge cut-offs are further used to analyse charge implications for parking choice behaviour. Our results show that the precision of the conventional model is improved by including a cut-off. At the same time, parking charges, the time spent searching for a parking space, and walking time after finding the parking space, all have a significantly negative influence on parking choices. Finally, a pricing scheme is put forward to reduce the occupancy rates of curbside parking to 85%. This contention is based on parking pricing models with cut-offs. We find indications that not accounting for charge cut-off points, when they are in fact present, may lead to inaccurate willingness-to-pay and upwardly biased pricing schemes.

Suggested Citation

  • Zhang, Rong & Zhu, Lichao, 2016. "Curbside parking pricing in a city centre using a threshold," Transport Policy, Elsevier, vol. 52(C), pages 16-27.
  • Handle: RePEc:eee:trapol:v:52:y:2016:i:c:p:16-27
    DOI: 10.1016/j.tranpol.2016.06.008
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    Cited by:

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    5. Zhenyu Mei & Chi Feng & Liang Kong & Lihui Zhang & Jun Chen, 2020. "Assessment of Different Parking Pricing Strategies: A Simulation-based Analysis," Sustainability, MDPI, vol. 12(5), pages 1-13, March.
    6. 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.
    7. Mei, Zhenyu & Feng, Chi & Ding, Wenchao & Zhang, Lihui & Wang, Dianhai, 2019. "Better lucky than rich? Comparative analysis of parking reservation and parking charge," Transport Policy, Elsevier, vol. 75(C), pages 47-56.
    8. Hui Bi & Zhirui Ye & He Zhu, 2024. "Mining bike sharing trip record data: a closer examination of the operating performance at station level," Transportation, Springer, vol. 51(3), pages 1015-1041, June.
    9. Budnitz, Hannah & Meelen, Toon & Schwanen, Tim, 2022. "Residential Neighbourhood Charging of Electric Vehicles: an exploration of user preferences," SocArXiv fsv7n, Center for Open Science.
    10. Zhuang, Zheng-Yun & Chung, Cheng-Kung, 2024. "Dissecting the visiting willingness of driving visitors facing a retail market's dual-pricing policy for parking," Journal of Retailing and Consumer Services, Elsevier, vol. 78(C).
    11. Dave, Sanjaykumar M. & Joshi, Gaurang J. & Ravinder, Kayitha & Gore, Ninad, 2019. "Data monitoring for the assessment of on-street parking demand in CBD areas of developing countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 126(C), pages 152-171.
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