Show simple item record

Bidding For Parking: The Impact of University Affiliation on Predicting Bid Values in Dutch Auctions of On-Campus Parking Permits

dc.contributor.advisor Collard-Wexler, Allan
dc.contributor.advisor Kimbrough, Kent P.
dc.contributor.advisor Hagy, Alison
dc.contributor.author Kelly, Grant
dc.date.accessioned 2016-06-14T17:35:45Z
dc.date.available 2016-06-14T17:35:45Z
dc.date.issued 2016-06-14
dc.identifier.uri https://hdl.handle.net/10161/12395
dc.description.abstract Parking is often underpriced and expanding its capacity is expensive; universities need a better way of reducing congestion outside of building costly parking garages. Demand based pricing mechanisms, such as auctions, offer a possible solution to the problem by promising to reduce parking at peak times. However, faculty, students, and staff at universities have systematically different parking needs, leading to different parking valuations. In this study, I determine the impact university affiliation has on predicting bid values cast in three Dutch Auctions of on-campus parking permits sold at Chapman University in Fall 2010. Using clustering techniques crosschecked with university demographic information to detect affiliation groups, I ran a log-linear regression, finding that university affiliation had a larger effect on bid amount than on lot location and fraction of auction duration. Generally, faculty were predicted to have higher bids whereas students were predicted to have lower bids.
dc.language.iso en_US
dc.subject Auctions
dc.subject University Parking
dc.subject Bidder Affiliation
dc.subject Dutch Auction
dc.subject Clustering
dc.subject Parking
dc.title Bidding For Parking: The Impact of University Affiliation on Predicting Bid Values in Dutch Auctions of On-Campus Parking Permits
dc.type Honors thesis
dc.department Economics


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record