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Price elasticities of demand for (garage) parking in Stockholm
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics.
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics.ORCID iD: 0000-0001-7976-5628
2019 (English)Report (Other academic)
Abstract [en]

There is scope for generating welfare effects by changing parking fees, where knowledge on price elasticities are central elements in the implementation of an efficient parking policy. In this paper, we estimate price elasticities of demand for five parking garages in the central business district of Stockholm, using transaction data and a price increase implemented in January 2017. The econometric results for the purchased parking hours show an average elasticity estimate at -0.60, while the effect on the decision to park is -0.45. These elasticities vary for the different parking garages, showing that there is a considerable heterogeneity between garages, even within the central business district, which needs to be considered for an efficient parking policy. Based on our estimated elasticity for garage parking (-0.60) and a willingness to pay a premium for curbside parking in previous research, we calculate a proxy for the elasticity of curbside parking in Stockholm, which is found to be -0.39.

Place, publisher, year, edition, pages
Stockholm: VTI , 2019. , p. 29
Series
CTS Working Paper ; 2019:2
National Category
Economics
Identifiers
URN: urn:nbn:se:vti:diva-14295OAI: oai:DiVA.org:vti-14295DiVA, id: diva2:1366230
Available from: 2019-10-28 Created: 2019-10-28 Last updated: 2019-10-30Bibliographically approved

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Odolinski, KristoferPyddoke, Roger

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf