A model for estimation of the demand for on-street parking

Edith Madsen, Ismir Mulalic () and Ninette Pilegaard

MPRA Paper from University Library of Munich, Germany

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 parked. We also demonstrate that, even when the cost of cruising is unobserved, the demand elasticity can be identified by extending the econometric model to include the spatial interaction between the parking facilities. We illustrate the model with on-street parking data from Copenhagen and find indications of a somewhat greater parking demand elasticity than is usually reported in the literature.

Keywords: on-street parking; demand estimation. (search for similar items in EconPapers)
JEL-codes: C51 L91 R41 (search for similar items in EconPapers)
Date: 2013-12-16
New Economics Papers: this item is included in nep-ecm, nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/52301/1/MPRA_paper_52301.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/52361/1/MPRA_paper_52301.pdf revised version (application/pdf)

Related works:
Journal Article: A model for estimation of the demand for on-street parking (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:52301

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().