Drivers’ Willingness to Pay Progressive Rate for Street Parking: Final Report
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2015-01-20
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Alternative Title:Drivers’ Willingness to Pay Progressive Rate for Street Parking;Drivers Willingness to Pay Progressive Rate for Street Parking;
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TRIS Online Accession Number:01570332
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Edition:Final Report, 8/1/13-10/31/2014
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Abstract:This study finds willingness to pay and price elasticity for on-street parking demand using stated preference data obtained from 238 respondents. Descriptive, statistical and economic analyses including regression, generalized linear model, and factor analysis are performed on the data. The average willingness to pay for on-street parking among participants is found to be $2.65. The majority of respondents preferred to pay for street parking upon departure versus upon arrival, with a fixed-rate parking fee.
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