Curb parking pricing for local residents

An exploration in New York City based on willingness to pay

Zhan Guo, Simon McDonnell

Research output: Contribution to journalArticle

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.

Original languageEnglish (US)
Pages (from-to)186-198
Number of pages13
JournalTransport Policy
Volume30
DOIs
StatePublished - Nov 2013

Fingerprint

Curbs
parking
Parking
willingness to pay
pricing
resident
Costs
car ownership
shortage
revenue
city
determinants
supply
Railroad cars
demand
Values

Keywords

  • New York City
  • On-street parking
  • Parking permits
  • Pricing
  • Willingness to pay

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Law
  • Transportation

Cite this

Curb parking pricing for local residents : An exploration in New York City based on willingness to pay. / Guo, Zhan; McDonnell, Simon.

In: Transport Policy, Vol. 30, 11.2013, p. 186-198.

Research output: Contribution to journalArticle

@article{29b8c8935e5540a685b35338634631aa,
title = "Curb parking pricing for local residents: An exploration in New York City based on willingness to pay",
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.",
keywords = "New York City, On-street parking, Parking permits, Pricing, Willingness to pay",
author = "Zhan Guo and Simon McDonnell",
year = "2013",
month = "11",
doi = "10.1016/j.tranpol.2013.09.006",
language = "English (US)",
volume = "30",
pages = "186--198",
journal = "Transport Policy",
issn = "0967-070X",
publisher = "Elsevier Limited",

}

TY - JOUR

T1 - Curb parking pricing for local residents

T2 - An exploration in New York City based on willingness to pay

AU - Guo, Zhan

AU - McDonnell, Simon

PY - 2013/11

Y1 - 2013/11

N2 - 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.

AB - 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.

KW - New York City

KW - On-street parking

KW - Parking permits

KW - Pricing

KW - Willingness to pay

UR - http://www.scopus.com/inward/record.url?scp=84885342400&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84885342400&partnerID=8YFLogxK

U2 - 10.1016/j.tranpol.2013.09.006

DO - 10.1016/j.tranpol.2013.09.006

M3 - Article

VL - 30

SP - 186

EP - 198

JO - Transport Policy

JF - Transport Policy

SN - 0967-070X

ER -