An empirical evaluation of an on-street parking pricing scheme : A case study in Stockholm inner city
The congestion of on-street parking places in the core of metropolitan areas has attracted
considerable attention in recent years. Low fares may result with an over consumption of
this public good and result with a wide range of negative impacts such as the reduction of
accessibility, deteriorating of the local air quality, extra vehicle miles travelled and increased
traffic jams. Parking pricing is hence an important and common urban planning problem.
However, a methodology framework for evaluating the impacts of on-street parking pricing
is still lacking. The impact of pricing needs to be explored systematically and empirically.
The principle aim of this thesis is to develop a systematic approach for evaluating the
impacts of on-street parking pricing and attain concrete knowledge from the application of
the proposed method for a case study. The project will utilize ticketing machine data and
combine it with car floating and parking supply data. The method used in this work has the
potential to be applied to various urban areas that utilize a similar ticketing machine system.
The outputs of the case study function for supporting future design of on-street parking
pricing in Stockholm. Results show that the on-street parking demand is relatively inelastic
as a response to pricing change. The estimated own-price elasticity ranges from -0,17 to -
0,29; and the cross price-elasticity is estimated to range from 0,13 to 0,20, for different
street types and time-of-day periods. Raising the price leads to a significant reduction in the
average parking duration, which contributes to a parking congestion relief. Moreover, the
results indicate that the pricing policy affects trip scheduling and yield a more balanced
utilization of the available parking supply through the day.
AT THIS PAGE YOU CAN DOWNLOAD THE WHOLE ESSAY. (follow the link to the next page)