Research Article

Evaluation of Residential Parking Spots Sharing Effects Based on Practical Experience

Table 4

Effects of observed variables on rental effects.

Observed variablesIndividual benefitsSociety benefits

Spots’ physical characteristicsVisibility0.330.40
Construction type0.370.44
Ease of parking0.060.11
Distance to Office Building B−0.26−0.24
Distance to Residential Building A0.160.26
Owners’ sharing willingnessTotal sharing time0.700.46
Total sharing time in the daytime0.720.43
Total sharing time on workdays0.680.44
Total sharing time in the daytime on workdays0.690.45
Total sharing time in peak hour on workdays0.720.47
Total sharing days0.690.45
Total sharing times0.730.47
Owners’ sharing preferencesAverage sharing time per day0.090.12
Average sharing time per time0.090.12
Percentage of sharing records of more than 8 hours on workdays0.120.16

Note: spots’ physical characteristics adopt equation (1) of the formative model, such as −0.70  (−0.25 + (−0.33  0.60) + (−0.33  0.70  0.09) ≈ 0.33 for visibility in the individual model; owners’ sharing willingness and preferences adopt equation (2) of the reflective model, such as (0.60 + 0.70  0.09)/0.94 ≈ 0.70 for total sharing time in the individual model.