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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)

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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Bibliographic Info

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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Web page: http://www.tinbergen.nl

Related research

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

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  1. Elena G. Irwin & Nancy E. Bockstael, 2001. "The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 83(3), pages 698-704.
  2. Song, Yan & Knaap, Gerrit-Jan, 2004. "Measuring the effects of mixed land uses on housing values," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 34(6), pages 663-680, November.
  3. 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, Elsevier, vol. 23(3), pages 251-264, December.
  4. Heckman, James J & Honore, Bo E, 1990. "The Empirical Content of the Roy Model," Econometrica, Econometric Society, Econometric Society, vol. 58(5), pages 1121-49, September.
  5. 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.
  6. Johansson,Per-Olov, 1987. "The Economic Theory and Measurement of Environmental Benefits," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521348102.
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Cited by:
  1. Rodenburg, C.A. & Nijkamp, P. & Groot, H.L.F. de & Verhoef, E.T., 2009. "Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics 0024, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

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