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The WTP for Facilities at the Amsterdam Zuidas

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Author Info
Thomas de Graaff () (Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam)
Henri L.F. de Groot () (Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam)
Caroline A. Rodenburg () (Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, and Ernst & Young)
Erik T. Verhoef () (Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam)

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Abstract

This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at the Amsterdam Zuidas for the presence of non-shopping and shopping facilities. The Amsterdam Zuidas area, surrounding the current train-metro-tram station Amsterdam Zuid World-Trade-Centre, is the largest multifunctional land use project currently under development in The Netherlands. For non-shopping facilities, the results show that employees have the highest WTP for the presence of day-care centres and public transport facilities, and the lowest for public and recreation facilities. The average WTP for the presence of non-shopping facilities amounts to approximately € 29 per month per employee. The WTP for the presence of shopping facilities is estimated at € 16 per month per employee on average, and is in absolute value highest for supermarkets and lowest for hairdressers and dry cleaners.

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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 05-090/3.

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Date of creation: 12 Oct 2005
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Handle: RePEc:dgr:uvatin:20050090

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Related research
Keywords: Multifunctional Land Use; Roy's Selection Model; Stated Preference Survey; Willingness to Pay;

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Find related papers by JEL classification:
C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
R14 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Land Use Patterns

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480. [Downloadable!] (restricted)
  2. Song, Yan & Knaap, Gerrit-Jan, 2004. "Measuring the effects of mixed land uses on housing values," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 663-680, November. [Downloadable!] (restricted)
  3. Heckman, James J & Honore, Bo E, 1990. "The Empirical Content of the Roy Model," Econometrica, Econometric Society, vol. 58(5), pages 1121-49, September. [Downloadable!] (restricted)
  4. Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December. [Downloadable!] (restricted)
  5. Irwin, Elena G & Bockstael, Nancy E, 2001. " The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 83(3), pages 698-704, August. [Downloadable!] (restricted)
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  1. Rodenburg, C.A. & Nijkamp, P. & Groot, H.L.F. de, 2009. "Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project," Serie Research Memoranda 0024, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
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