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The residential parking rent price elasticity of car ownership in Japan

机译：日本汽车拥有量的住宅停车场租金价格弹性

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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. (C) 2016 Elsevier Ltd. All rights reserved.
机译：本研究使用从2004年全国家庭收支调查中获得的家庭一级微观数据，评估了日本汽车拥有量的住宅停车租金价格弹性。它使用包括每月租用停车位的支出在内的各种属性来分析家庭拥有的汽车数量。从IV顺序概率模型得出的估计结果表明，汽车拥有权的停车租金价格弹性的绝对值最大为0.48，这相当小（即无弹性）。弹性值因城市规模而异；对于大城市，弹性对汽车拥有量始终是负的，而对于中型或小城市，城镇和乡村，弹性对单车拥有量是正的，而对多于一辆车的拥有量则负。因此，当停车价格上涨时，有些人可能会从一辆以上的车切换到一辆车，而一些特大城市中的某些人可能会从一辆车切换到零车。确实，价格上涨的净结果可能是大城市的非汽车拥有量增加而其他城市的单车拥有量增加。 （C）2016 Elsevier Ltd.保留所有权利。

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