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The Real Price Of Parking Policy

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Author Info
Jos van Ommeren () (VU University Amsterdam)
Derk Wentink (VU University Amsterdam)
Jasper Dekkers (VU University Amsterdam)

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Abstract

This paper is the first to empirically examine the residents' willingness to pay for on-street parking permits as well as the cost of cruising using an identification methodology based on house prices for Amsterdam. The average cost of cruising is €1.30 per day. The average residents' willingness to pay for a parking permit is €8 per day. Further, we show that the introduction of paid parking in a neighborhood decreases house prices in this neighbourhood.

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File URL: http://www.tinbergen.nl/discussionpapers/09083.pdf
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Publisher Info
Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 09-083/3.

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Date of creation: 30 Sep 2009
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Handle: RePEc:dgr:uvatin:20090083

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

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Related research
Keywords: on-street parking; cruising; parking policy; parking permits;

Find related papers by JEL classification:
R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies

This paper has been announced in the following NEP Reports:

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This page was last updated on 2009-11-26.

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