Biography:

In the past Sofia F. Franco has collaborated on articles with Jan K. Brueckner and W. Bowman Cutter. One of their most recent publications is Employer-paid parking, mode choice, and suburbanization☆. Which was published in journal Journal of Urban Economics.

More information about Sofia F. Franco research including statistics on their citations can be found on their Copernicus Academic profile page.

Sofia F. Franco's Articles: (3)

Employer-paid parking, mode choice, and suburbanization☆

AbstractThis paper constructs a theoretical model that facilitates analysis of the effects of employer-paid parking on mode choice, road investment and suburbanization. The model simplifies urban space by dividing it into two zones (islands), center and suburbs, which are connected by a congested road and a public-transit line. Each road commuter requires an allotment of CBD land for parking, and because the central zone’s area is fixed, parking land reduces the amount available for central residences and CBD production. The model characterizes optimal resource allocation from the perspective of a social planner. The planning solution can be decentralized, which requires employee- rather than employer-paid parking, congestion tolls, and a tax (subsidy) to offset the road capacity deficit (surplus). The analysis then considers the effect of switching to employer-paid parking, with the burden of parking costs shifting from road users to employers, thus reducing the wage for all workers. This switch inefficiently increases road usage and capacity investment, while spurring an inefficient increase in suburbanization.

Measurement and valuation of urban greenness: Remote sensing and hedonic applications to Lisbon, Portugal

AbstractThis paper explores the role of remote sensing techniques in capturing urban environmental data in the form of tree canopy coverage and measures of urban greenery. Using a classification algorithm, we identify tree canopy coverage in Lisbon, Portugal, to be approximately 8%. Our results have an accuracy rating of approximately 90% highlighting the benefits of this technique in capturing novel forms of data.Using these measures aggregated to the neighborhood level, we explore the impact of open space accessibility and urban greenness on the residential property market in Lisbon. We capture the heterogeneity of open spaces through their size and average vegetation level, and further explore how the greenness of a resident’s neighborhood may elicit complementary or substitutability behavior in house pricing relative to proximity to urban open spaces and other urban ecological variables.Our results indicate that proximity to both large urban forests and smaller neighbourhood parks are capitalized through residential prices. These effects are dependent on neighborhood green composition with neighborhoods which have a higher proportion of sparse or low lying vegetation willing to trade-off proximity to parks (where this type of vegetation is abundant) and have a preference for being closer to urban forests (where there is greater diversity in vegetation from the neighborhood). Overall tree canopy coverage is positively valued with a square kilometer increase in the relative size of tree canopy valued at 0.20% of dwelling prices, or approximately €400 per dwelling.These results highlight the importance of capturing the heterogeneity of urban greenery and the interacting effects with the local ecology and the built environment.

Do parking requirements significantly increase the area dedicated to parking? A test of the effect of parking requirements values in Los Angeles County

AbstractMinimum parking requirements (MPRs) are the norm for urban and suburban development in the United States (Davidson et al., 2002). The justification for MPRs is that overflow parking will occupy nearby street or off-street parking. Shoup (1999a) and Willson (1995) provide cases where there is reason to believe that parking space requirements have forced parcel developers to place more parking than they would in the absence of parking requirements. However, to our knowledge the existing literature does not test the effect of parking minimums on the amount of lot space devoted to parking beyond a few case studies. This paper tests the hypothesis that MPRs bind for most land uses using data on suburban office, commercial, industrial and retail property sales from Los Angeles County using both direct and indirect approaches. Our indirect test of the effects of parking requirements is similar to the one used by Glaeser and Gyourko (2003). A simple theoretical model shows that the marginal value of additional parking to the sale price of a building should be equal to the cost of land plus the cost of parking construction. We estimate the marginal values of parking and lot area with spatial methods using a large data set from the Los Angeles area non-residential property sales and find that for most of the property types the marginal value of parking is significantly below that of the parcel area. In addition, we directly examine required and supplied parking and find that on average parking supplied is quite close to the required amount.

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