2021
DOI: 10.1016/j.ecotra.2021.100231
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A model for estimation of the demand for on-street parking

Abstract: This paper presents a stylized econometric model for the demand for on-street parking with focus on estimation of the elasticity of demand with respect to the full cost of parking. The full cost of parking consists of a parking fee and the cost of searching for a vacant parking space (cruising). The cost of cruising is usually unobserved. Ignoring this issue implies a downward bias of the elasticity of demand with respect to the total cost of parking since the cost of cruising depends on the number of cars par… Show more

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Cited by 6 publications
(3 citation statements)
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References 28 publications
(27 reference statements)
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“…The sensitivity analysis was done to analyse the effect of each sensitive parameter on the parking demand (Muñoz-Medina, B. 2021; Gragera, A. 2021).…”
Section: Methodsmentioning
confidence: 99%
“…The sensitivity analysis was done to analyse the effect of each sensitive parameter on the parking demand (Muñoz-Medina, B. 2021; Gragera, A. 2021).…”
Section: Methodsmentioning
confidence: 99%
“…Internationally, the gravity model (GM), the spatial general equilibrium model (SCGE), the multi-regional Input-Output model (IO), and regression analysis have been widely used for the quantitative forecasting of such volumes. Several scholars have predicted freight and passenger volume based on the GM theory [4][5][6][7][8][9], and other have used the GM to study network security, the development of economic and trade relations, economic development model, and trade potential [10][11][12][13]. Despite the statistical verifiability of its results, the GM's lack of detail limits its usefulness in predicting freight volume.…”
Section: Introductionmentioning
confidence: 99%
“…Parking tax is a tax levied by the region or private parties who provide parking spaces in an area. (Feitelson & Rotem, 2004;Gragera et al, 2021). So far, parking tax revenues in the regions have not been effective in increasing local revenue even though the potential for parking tax revenues is quite large.…”
Section: Introductionmentioning
confidence: 99%