Economic impact and policy implications from urban shared transportation: The case of Pittsburgh’s shared bike system

Konstantinos Pelechrinis, Christos Zacharias, Marios Kokkodis, Theodoros Lappas

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

During the last years the number of cities that have installed and started operating shared bike systems has significantly increased. These systems provide an alternative and sustainable mean of transportation to the city dwellers. Apart from the energy sustainability benefits, shared bike systems can have a positive effect on residents’ health, air quality and the overall condition of the currently crumbling road network infrastructure. Anecdotal stories and survey studies have also identified that bike lanes have a positive impact on local businesses. In this study, driven by the rapid adoption of shared bike systems by city governments and their potential positive effects on a number of urban life facets we opt to study and quantify the value of these systems. We focus on a specific aspect of this value and use evidence from the real estate market in the city of Pittsburgh to analyze the effect on dwellers’ properties of the shared bike system installed in the city in June 2015. We use quasi-experimental techniques and find that the shared bike system led to an increase in the housing prices (both sales and rental prices) in the zip codes where shared bike stations were installed. We further bring into the light potential negative consequences of this impact (i.e., gentrification) and discuss/propose two public policies that can exploit the impact of the system for the benefit of both the local government as well as the city dwellers.

Original languageEnglish (US)
Article numbere0184092
JournalPLoS One
Volume12
Issue number8
DOIs
StatePublished - Aug 1 2017

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economic policy
Urban transportation
economic impact
Air quality
Sustainable development
Sales
Economics
Health
Local Government
Industry
Public Policy
local government
air quality
public policy
infrastructure
sales
Air
roads
Light
markets

ASJC Scopus subject areas

  • Biochemistry, Genetics and Molecular Biology(all)
  • Agricultural and Biological Sciences(all)

Cite this

Economic impact and policy implications from urban shared transportation : The case of Pittsburgh’s shared bike system. / Pelechrinis, Konstantinos; Zacharias, Christos; Kokkodis, Marios; Lappas, Theodoros.

In: PLoS One, Vol. 12, No. 8, e0184092, 01.08.2017.

Research output: Contribution to journalArticle

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