Abstract
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.
Highlights
Car parking has been a long-standing and problematic issue confronting numerous urban metropolitan areas
A crucial question is how to eliminate the mismatch between parking demand and supply. us, in order to rectify this problem, the most commonly held measure is to increase the parking supply by offering more parking spaces
As for the local urban society, the new sharing pattern can obviously increase the utilization of each single parking space and offer more parking choices for car drivers, which are significantly helpful in reducing the conflicts of parking demand and supply
Summary
Car parking has been a long-standing and problematic issue confronting numerous urban metropolitan areas. As for the local urban society, the new sharing pattern can obviously increase the utilization of each single parking space and offer more parking choices for car drivers, which are significantly helpful in reducing the conflicts of parking demand and supply. Due to such obvious benefits, Chinese government agencies currently hold an open opinion toward this newly developed technology and admit to its legality. E primary objective of this study is to estimate the relationship between the various characteristics of shared residential parking spots and the sharing effects from both individual and social benefit perspectives, based on real data acquired from the DParking app and the field survey. The findings of this study can be used to enhance the understanding of the mechanisms in the operation and efficiency of the residential parking spot sharing system and improve the applicability of the emerging parking technology in larger regions
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
