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Parking, transit and traffic: Evidence from SFpark

Author

Listed:
  • Krishnamurthy, Chandra K.

    (The Beijer Institute for Ecological Economics)

  • Ngo, Nicole S.

    (School of Planning, Public Policy, and Management, University of Oregon)

Abstract

Demand-responsive parking pricing programs, in which parking is priced based upon occupancy, are increasingly being used in cities experiencing rapid growth as a way to optimize parking. Despite the potential of demand-responsive parking in minimizing parking-related externalities, there are few empirical estimates regarding the effects of parking management policies, particularly around transit usage and traffics flow. We use data from SFpark, a demand-responsive on-street parking pricing program for the city of San Francisco, along with a rich micro data-set on transit bus usage from the San Francisco Municipal Transportation Agency. Using a difference-in-difference strategy, we find that SFpark is associated with sizeable increases in transit bus usage of about 21 and reductions in lane occupancy of 5 percentage points per census block. Our welfare computations suggest economic benefits of $36 million over the duration of the program (2011-2013) resulting from avoided pollution due to increased transit usage and from reduced congestion. These benefits easily exceed the nominal costs of the program. Our results not only suggest that demand-responsive pricing programs achieve their stated goals, but also mitigate many traffic-related externalities, yielding significant welfare benefits.

Suggested Citation

  • Krishnamurthy, Chandra K. & Ngo, Nicole S., 2018. "Parking, transit and traffic: Evidence from SFpark," CERE Working Papers 2018:6, CERE - the Center for Environmental and Resource Economics.
    • Handle: RePEc:hhs:slucer:2018_006
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    More about this item

    Keywords

    Parking policy; transportation; mass transit; air pollution;
    All these keywords.

    JEL classification:

    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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