Quotation Lehner, Stephan, Peer, Stefanie. 2019. The price elasticity of parking: A meta-analysis. Transportation Research Part A: Policy and Practice. 121 177-191.


RIS


BibTeX

Abstract

The effect of parking fees on parking demand has been investigated in many different contexts, applying a wide variety of study designs. Research that brings together the knowledge derived in these studies systematically, however, is scarce. We conduct a meta-analysis of parking price elasticities based on 50 studies. Using seemingly unrelated regression models we account for the interdependence between the price elasticity of occupancy (EPO), dwell time (EPD), and volume (EPV). We show that estimates of parking elasticities based on stated preference (SP) data lead to different managerial and policy insights than estimates based on revealed preference (RP) data. Given a large amount of reported and unreported variation between the existing studies on parking price elasticities, we provide concrete recommendations for future studies that should warrant a higher degree of comparability and coherence in research design, conduction, and reporting.

Tags

Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Transportation Research Part A: Policy and Practice
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, INF-A, STRAT-B, VW-C, WH-B
Language English
Title The price elasticity of parking: A meta-analysis
Volume 121
Year 2019
Page from 177
Page to 191
Reviewed? Y
URL https://www.sciencedirect.com/science/article/pii/S0965856417308832
DOI http://dx.doi.org/10.1016/j.tra.2019.01.014
Open Access N
JEL R40,R42,R48

Associations

People
Lehner, Stephan (Former researcher)
Peer, Stefanie (Details)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
5332 Transport economics (Details)
5351 Public economy (Details)
5915 Economic geography (Details)
Google Scholar: Search