Coins, Cards, or Apps: Impact of Payment Methods on Street Parking Occupancy and Search Times

Explore the impact of different payment methods on street parking occupancy and search times in this 28-minute seminar from the GERAD Research Center. Delve into a comprehensive analysis of how cash, credit cards, and mobile applications affect drivers' parking behavior in urban environments. Discover insights from high-resolution transaction data and an online survey conducted in a densely populated North American city. Learn about the flexibility offered by mobile payment apps and how they influence parking duration and space turnover. Examine the interplay between hourly parking prices and payment methods, and understand their combined effect on driver behavior. Gain valuable insights from simulation studies demonstrating the impact of progressive pricing and mobile payment adoption on operational metrics. Understand the implications for municipal parking policies and strategies to optimize street parking efficiency.