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Residential Parking Permits and Parking Supply

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  • Jos van Ommeren

    (VU University Amsterdam)

  • Jesper de Groote

    (VU University Amsterdam)

  • Giuliano Mingardo

    (Erasmus University Rotterdam)

Abstract

We estimate welfare losses of policies that provide on-street parking permits to residents almost free of charge in shopping districts. Our empirical results indicate that parking supply is far from perfectly price elastic, implying that there are substantial welfare losses related to under-priced parking permits. Our results suggest that the provision of residential parking permits in shopping districts induces a yearly deadweight loss of at least euro 500 per permit, which is about 30% of the supply cost of a parking place in shopping districts.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 13-059/VIII.

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Date of creation: 12 Apr 2013
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Handle: RePEc:dgr:uvatin:20130059

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

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Keywords: parking supply; residential parking permit; deadweight loss;

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References

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  1. Franco, Sofia & Cutter, Bowman & DeWoody, Autumn, 2010. "Do Parking Requirements Significantly Increase The Area Dedicated To Parking? A Test Of The Effect Of Parking Requirements Values In Los Angeles County," MPRA Paper 20403, University Library of Munich, Germany.
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  19. Cutter, W. Bowman & Franco, Sofia F., 2012. "Do parking requirements significantly increase the area dedicated to parking? A test of the effect of parking requirements values in Los Angeles County," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(6), pages 901-925.
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