This paper calibrates a joint model of travel mode and parking location choice to evaluate the effectiveness of parking-related policies. We found that 1) travelers are very sensitive to changes in egress time, even more so than parking price; 2) Travelers respond to parking policies primarily by shifting parking locations rather than switching travel mode.
Key words: parking policy, price elasticity, join choice mode
Yan, X. (2020). . [Download Preprint]. Transportation Research Part D: Transport and Environment, 80, 102255. https://doi.org/10.1016/j.trd.2020.102255