Abstract
Practitioners need to know the level of cruising for parking when designing parking policies. Existing methodologies, such as counting, experiments, and survey, are either too expensive or infeasible to be undertaken on a large scale. Inci et al. (2017) introduce an instrumental-variables-based econometric methodology using administrative data to estimate the average level of cruising when parking is close to full occupancy. This paper introduces a novel methodology to estimate the marginal external cruising time (and thus cost) across time and space. Our methodology is easier to implement, requires even less data, estimates the whole distribution rather than the average, and does not require parking to be near full occupancy. It also allows for welfare evaluations of parking fees and supply. To illustrate all these, we apply our methodology to Melbourne, which generates rich policy insights. We also apply it to the same dataset that Inci et al. (2017) use for Istanbul and find consistent results, rendering confidence to both methodologies.
Original language | English |
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Pages (from-to) | 247-269 |
Number of pages | 23 |
Journal | Transportation Research Part B: Methodological |
Volume | 145 |
Early online date | 7 Feb 2021 |
DOIs | |
Publication status | Published - Mar 2021 |
Bibliographical note
Funding Information:The authors would like to thank Robin Lindsey (the associate editor) and the three anonymous referees for their valuable comments, and ISPARK for supplying some of the data used in the analysis. The opinions expressed in this article are solely that of the authors and do not reflect the opinions of ISPARK.. Ismir Mulalic gratefully acknowledges financial support from Kraks Fond, Copenhagen ([email protected]). The usual disclaimer applies.
Publisher Copyright:
© 2020
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
Funding
The authors would like to thank Robin Lindsey (the associate editor) and the three anonymous referees for their valuable comments, and ISPARK for supplying some of the data used in the analysis. The opinions expressed in this article are solely that of the authors and do not reflect the opinions of ISPARK.. Ismir Mulalic gratefully acknowledges financial support from Kraks Fond, Copenhagen ([email protected]). The usual disclaimer applies.
Funders | Funder number |
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Kraks Fond | |
Robin Lindsey |
Keywords
- Marginal external cost of parking
- Parking externalities
- Parking fee
- Parking supply
- Parking time limits