The residential parking rent price elasticity of car ownership in Japan
The residential parking rent price elasticity of car ownership in Japan
复制标题
日本汽车保有量的住宅停车位租金价格弹性
DOI:
10.1016/j.tra.2016.01.005
复制
发表时间:
2016
期刊:
影响因子:
--
通讯作者:
Yoshiki Yamagata
中科院分区:
文献类型:
--
作者:
Hajime Seya;Kumiko Nakamichi;Yoshiki Yamagata
By using household-level micro data captured through the National Survey of Family Income and Expenditure for 2004, this study evaluates the residential parking rent price elasticity of car ownership in Japan. It analyzes the number of cars owned by a household, using various attributes including expenditure for renting a parking space on a monthly basis. The estimation results derived from the IV-ordered probit model show that the absolute value of parking rent price elasticity of car ownership is, at most, 0.48, which is fairly small (i.e., inelastic). The elasticity value varies depending on city size; for megacities, elasticity is always negative for car ownership, whereas for middle-sized or small cities, towns, and villages, elasticity is positive for one-car ownership and negative for the ownership of more than one car. Hence, when the price of parking increases, some people may switch from more than one car to one car and some people in megacities may switch from one to zero cars. Indeed, the net effect of a price increase may be that non-car ownership increases in megacities and one-car ownership increases in other cities.