Accounting for attitudes on parking choice: An integrated choice and latent variable approach

Jose J. Soto, Luis Márquez and Luis F. Macea

Transportation Research Part A: Policy and Practice, 2018, vol. 111, issue C, 65-77

Abstract: The well-differentiated impact that parking supply options produce on congestion, pollution and land consumption arouses the interest of policy makers for a better understanding of car user’s behavior when choosing a parking option. Despite the evidence on the advantages of hybrid discrete choice models, most literature on parking choice only involves observable factors while leaving aside issues related to the latent variables. The behavioral hypothesis is that parking choice process depends not only on a set of observable factors but also has to do with individual-specific latent attributes. A hybrid discrete choice model with interactions among attitudes and observable factors, as well as among socioeconomic characteristics and observable factors, was estimated in order to consider individual heterogeneity. The results showed that, in addition to parking fee, search time and access time, a Risk-averse attitude and a Positive car care (maintenance) attitude are determinants for parking choice. The inclusion of these latent attributes and their interactions also resulted in a large improvement in the goodness-of-fit of the model and affected the time valuations.

Keywords: Parking choice; Hybrid discrete choice models; Latent variables; Attitudes; Values of time (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0965856416301343
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:transa:v:111:y:2018:i:c:p:65-77

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.tra.2018.03.003

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Catherine Liu ().