Evolutionary analysis of participation behavior of shared parking in traditional business district

Jun Guo, Hongzhi Guan, Yan Han and Wanying Li

Transport Policy, 2024, vol. 155, issue C, 110-123

Abstract: This paper explores ways to promote the Shared Parking Business Economy Model (SPBEM) in traditional business districts (TBD) to mitigate their declining survival. A microscopic four-party evolutionary game model investigates the mechanisms behind the complex interactions among four typical businesses in TBD. Evolutionary stability is also analyzed based on three different scenarios. Secondly, this paper examines the limited rationality of participants and sifts the impact of significant factors on the dynamic evolution process by using the cumulative prospect theory and the quantitative equation of the conformity effect. The paper validates the game model and main conclusions through realistic scenarios and numerical simulations. Finally, the four main types of parameters are extensively discussed. The findings suggest that the implementation of SPBEM could enhance the economic development of TBD. Furthermore, successful promotion of SPBEM in TBD demands coordinated efforts from the four types of businesses. Initial participation probability, proportion of parking slots, historical average customer flow, and cooperation revenue all positively influence participation behavior; and promoting SPBEM in TBD requires coordination between the four business types. These findings serve as valuable references for TBD managers and operators in their decision-making processes.

Keywords: Traditional business district (TBD); Sharing parking economy; Cumulative prospect theory; Cooperative evolutionary game; Evolutionary trajectory (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0967070X24000246
Full text for ScienceDirect subscribers only

Related works:
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:eee:trapol:v:155:y:2024:i:c:p:110-123

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

DOI: 10.1016/j.tranpol.2024.01.016

Access Statistics for this article

Transport Policy is currently edited by Y. Hayashi

More articles in Transport Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().