Investigating private parking space owners’ propensity to engage in shared parking schemes under conditions of uncertainty using a hybrid random-parameter logit-cumulative prospect theoretic model

Yan, Qianqian; Feng, Tao; Timmermans, Harry

doi:10.1016/j.trc.2020.102776

Cited by 46 publications

(20 citation statements)

References 36 publications

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“…Litman [21] estimated that shared parking could reduce the need for new spaces by 10-30%. Yan et al [7] combined prospect theory and logit model to identify the intention of suppliers to participate in shared parking considering uncertain demands. Besides, the matching mechanism of shared parking spaces is an important part of the research related to shared parking.…”

Section: Shared Parkingmentioning

confidence: 99%

“…According to the statistics of the Hong Kong Transport Department (2016), there are 485,000 parking spaces in Hong Kong (70% of the total number of parking spaces are designated for private use). In addition, Yan et al [7] pointed out that from 2015 to 2019, residential parking resources in Beijing accounted for an average of 53.16% of all parking resources, and nearly 800,000 private parking spaces were idle during working hours. A simulation experiment shows that if 20% of Beijing's existing parking spaces are added to the sharing projects, carbon dioxide emissions can be reduced by 7.3 million tons per year [8].…”

Section: Introductionmentioning

confidence: 99%

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An Empirical Study on the Segmentation of Potential Users of Shared Parking Spaces considering Individual Heterogeneity

Wang

Guan

Guo

et al. 2022

Journal of Advanced Transportation

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Shared parking has become the most effective way to utilize existing parking resources. Little attention has been focused on drivers’ intention to use shared parking spaces in residential areas considering individual heterogeneity. To fill this gap, this paper explores the influencing factors and mechanism of shared parking use intention (SPUI) and further studies the preferences for the shared parking of different types of drivers. Firstly, based on the extended unified theory of acceptance and use of technology that includes psychological factors, personal attributes, and travel characteristics, the multiple indicator multiple cause (MIMIC) model was employed for parameter estimation and model assessment. Secondly, using MIMIC’s output results as input variables, the segmentation method of the latent class model (LCM) was adopted to explore drivers’ preferences regarding SPUI. Finally, a quantitative study was carried out through questionnaire data. The empirical results show that: (a) the extended unified theory of acceptance and use of technology has good explanatory power for SPUI. SPUI is directly affected by perceived risk (PR), behavioral habit (BH), social influence (SI), facilitating conditions (FCs), and effort expectancy (EE), while performance expectancy (PE) have no significant effect on SPUI. In addition, some factors of personal attributes and travel characteristics affect SPUI through psychological factors. (b) According to individual heterogeneity, the surveyed driver groups are divided into four segments: sensitive type (36%), conservative type (29.6%), neutral type (24.5%), and approved type (9.9%), respectively. There are significant differences in psychological observation variables such as EE, PE, FC, and SI among the four segments of drivers. According to the influence mechanism of psychological factors and preferences analysis of different types of drivers, the shared parking promotion strategy can be formulated from the aspects of management, operation, and technology.

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Section: Shared Parkingmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

An Empirical Study on the Segmentation of Potential Users of Shared Parking Spaces considering Individual Heterogeneity

Wang

Guan

Guo

et al. 2022

Journal of Advanced Transportation

View full text Add to dashboard Cite

show abstract

“…In addition, the perceived value and risks among shared parking demanders were explored, and an analytical model was also proposed to verify the hypotheses associated with positive network externality and risks [16]. Yan et al [17] provide insight into owners' decision-making from a psychological perspective, by adopting a random-parameter hybrid logit-cumulative prospect theoretic model, with the uncertain parking demand. Notwithstanding the benefits derived from the use of shared parking, users may turn to conventional parking mode because of concerns about the performance of shared parking modes.…”

Section: Shared Parking Choicementioning

confidence: 99%

Evaluation of Residential Parking Spots Sharing Effects Based on Practical Experience

Zhang

Chen

2021

Journal of Advanced Transportation

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Making residential parking spots available to the public has become popularized in recent years. The sharing of residential parking spots can promote the further use of parking space and enhance the utility of parking resources in urban metropolitan areas. However, little is known about the relationship between spots’ physical or temporal factors and rental effects from practical experience. This study aims to evaluate the effects of residential parking spot sharing from both individual and social benefit perspectives. One-year real behavioral records concerning parking spots’ owners and borrowers were obtained, and the field survey of various parking spots’ physical characteristics was conducted. Two Partial Least Squares Structural Equation Modeling (PLS-SEM) models emphasizing the individual and societal points of view were adopted. Results revealed that the spots’ physical factors, including spot type, visibility, ease of parking, and distances to major surrounding buildings, along with owners’ sharing willingness and preferences, tend to pose significant influences on the rental effects from both individual and social benefit perspectives. Some differences were also discovered between the two models. For the individual model, owners’ sharing willingness was the dominant factor affecting the parking spots’ sharing effects, while for the social model, parking spots’ physical characteristics appear to be more important in determining the sharing effects. Based on these findings, suggestions were discussed to promote residential parking spot sharing and increase the benefits of sharing to individuals and society.

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“…For example, parking spaces in office areas are usually vacant at night and on weekends, while parking spaces in residential areas are often vacant during workdays during the day, which also provides an opportunity to meet parking demand without the need to build more parking lots [7]. According to relevant statistics, 485,000 parking spaces in Hong Kong are designated for private use, accounting for nearly 70% of the total number of parking spaces; Beijing's residential parking resources account for 58.1% of all parking resources, during working hours nearly 800,000 private parking spaces have been left unused [8], and because most urban residents work inconsistently with their homes, parking spaces in residential areas have been unused during the day on weekdays. If the spare time of these private parking spaces can be used effectively, the parking problem can be greatly alleviated.…”

Section: Introductionmentioning

confidence: 99%

Study on the Intention of Private Parking Space Owners of Different Levels of Cities to Participate in Shared Parking in China

Wang

Guan

Qin

et al. 2021

Discrete Dynamics in Nature and Society

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The implementation of shared parking program can effectively increase the utilization rate of existing parking space resources. At present, shared parking program has not been widely practiced in China, and the prerequisite for this prospect to be implemented is whether the private parking space owner group can quickly and widely accept shared parking program. In this study, considering the differences in the economic development, urban planning, and parking pressure in cities of different levels, the theory of planned behavior and the benefit-risk perception model (C-TPB-BRA) are combined as the theoretical framework to explore the intention to share parking space from the perspective of the owners of private parking spaces in cities of different levels. Based on China’s empirical data, structural equation models are built to verify the hypotheses proposed. Our results show that (a) the intention of private parking space owners in different levels of cities to participate in shared parking and the mechanism of action of the psychological factors are different, and not all psychological factors have a direct impact on the intention to share. In first-tier, second-tier, and third-tier cities, Subjective Norm (SN) and Perceived Behavioral Control (PBC) indirectly affect Behavior Intention (BI) through Attitude (ATT), Perceived Benefit (PB), and Perceived Risk (PR). In the fourth-tier cities, SN and PBC directly affect BI. Except for BI, other psychological factors influence each other significantly; (b) the psychological factors affecting the intention to supply shared parking spaces in first-tier, second-tier, third-tier, and fourth-tier cities, respectively, are PB > ATT > PR, PB > PR > ATT, PB > PR > ATT, and PB > SN > PBC > ATT > PR. Our research results could help determine the internal factors that affect the intention of parking space suppliers and their mechanisms of action to participate in shared parking, and on that basis, our findings could also help governments and platform operators to promote shared parking development plans.

show abstract

Investigating private parking space owners’ propensity to engage in shared parking schemes under conditions of uncertainty using a hybrid random-parameter logit-cumulative prospect theoretic model

Cited by 46 publications

References 36 publications

An Empirical Study on the Segmentation of Potential Users of Shared Parking Spaces considering Individual Heterogeneity

An Empirical Study on the Segmentation of Potential Users of Shared Parking Spaces considering Individual Heterogeneity

Evaluation of Residential Parking Spots Sharing Effects Based on Practical Experience

Study on the Intention of Private Parking Space Owners of Different Levels of Cities to Participate in Shared Parking in China

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