The housing market impacts of bicycle-sharing systems

Shr, Yau-Huo (Jimmy), Feng-An Yang and Yi-Syun Chen

Regional Science and Urban Economics, 2023, vol. 98, issue C

Abstract: This study provides the first willingness-to-pay estimate for docked bicycle-sharing systems by identifying these systems’ impacts on rental property values. Using rental listing data in Taiwan and applying a spatial difference-in-differences strategy, we find that the inception of a bicycle-sharing system significantly increases the rental prices of nearby properties. Results also indicate that citizens benefit from the system by solving the first-and-last-mile problem in public transportation but do not value the system as an independent transportation mode. We do not find robust evidence showing that the inception of a bicycle-sharing system improves air quality.

Keywords: Hedonic price models; Public bike share schemes; Urban commuting; Sustainable transportation (search for similar items in EconPapers)
JEL-codes: O18 Q56 R38 R42 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:98:y:2023:i:c:s0166046222000874

DOI: 10.1016/j.regsciurbeco.2022.103849

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