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The WTP for Facilities at the Amsterdam Zuidas

Author

Listed:
  • 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.

Suggested Citation

  • Thomas de Graaff & Henri L.F. de Groot & Caroline A. Rodenburg & Erik T. Verhoef, 2005. "The WTP for Facilities at the Amsterdam Zuidas," Tinbergen Institute Discussion Papers 05-090/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20050090
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    References listed on IDEAS

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    Cited by:

    1. Caroline A. Rodenburg & Peter Nijkamp & Henri L.F. De Groot & Erik T. Verhoef, 2008. "Valuation Of Multi‐Functional Land Use By Commercial Investors: A Case Study On The Amsterdam Zuidas Mega‐Project," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 99(4), pages 454-469, September.
    2. Alexander, Matthew & Hamilton, Kathy, 2015. "A ‘placeful’ station? The community role in place making and improving hedonic value at local railway stations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 82(C), pages 65-77.
    3. Barbara B. Brown & Wyatt A. Jensen & Doug Tharp, 2019. "Residents’ expectations for new rail stops: optimistic neighborhood perceptions relate to subsequent transit ridership," Transportation, Springer, vol. 46(1), pages 125-146, February.

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    More about this item

    Keywords

    Multifunctional Land Use; Roy's Selection Model; Stated Preference Survey; Willingness to Pay;
    All these keywords.

    JEL classification:

    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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