YAU-HUO SHRFENG-AN YANGChen, Yi SyunYi SyunChen2023-03-252023-03-252023-01-0101660462https://scholars.lib.ntu.edu.tw/handle/123456789/629655This study provides the first willingness-to-pay estimate for docked bicycle-sharing systems by identifying these systems’ impacts on rental property values. Using rental listing data in Taiwan and applying a spatial difference-in-differences strategy, we find that the inception of a bicycle-sharing system significantly increases the rental prices of nearby properties. Results also indicate that citizens benefit from the system by solving the first-and-last-mile problem in public transportation but do not value the system as an independent transportation mode. We do not find robust evidence showing that the inception of a bicycle-sharing system improves air quality.Hedonic price models | Public bike share schemes | Sustainable transportation | Urban commuting[SDGs]SDG11journal article10.1016/j.regsciurbeco.2022.1038492-s2.0-85143544946https://api.elsevier.com/content/abstract/scopus_id/85143544946