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Residential parking permits and parking supply

  • van Ommeren, Jos
  • de Groote, Jesper
  • Mingardo, Giuliano

We estimate welfare losses of policies that provide on-street parking permits to residents almost free of charge in Dutch shopping districts that are predominantly downtown. Our empirical results indicate that parking supply is far from perfectly price elastic, implying that there are substantial welfare losses related to underpriced parking permits. Our results suggest that the provision of residential parking permits in downtown shopping districts induces a yearly welfare loss of about €275 per permit, which is about 15% of the supply cost of a parking place.

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Article provided by Elsevier in its journal Regional Science and Urban Economics.

Volume (Year): 45 (2014)
Issue (Month): C ()
Pages: 33-44

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Handle: RePEc:eee:regeco:v:45:y:2014:i:c:p:33-44
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  1. Kim, Jinwon, 2012. "Endogenous Vehicle-Type Choices in a Monocentric City," MPRA Paper 47589, University Library of Munich, Germany.
  2. Edward Calthrop & Stef Proost, 2004. "Regulating on-street parking," Energy, Transport and Environment Working Papers Series ete0410, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
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  5. Jos van Ommeren & Derk Wentink & Jasper Dekkers, 2009. "The Real Price of Parking Policy," Tinbergen Institute Discussion Papers 09-083/3, Tinbergen Institute.
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  9. Andrew Kelly, J. & Peter Clinch, J., 2006. "Influence of varied parking tariffs on parking occupancy levels by trip purpose," Transport Policy, Elsevier, vol. 13(6), pages 487-495, November.
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  12. 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.
  13. Shoup, Donald C., 2004. "The ideal source of local public revenue," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 753-784, November.
  14. Kobus, Martijn B.W. & Gutiérrez-i-Puigarnau, Eva & Rietveld, Piet & Van Ommeren, Jos N., 2013. "The on-street parking premium and car drivers' choice between street and garage parking," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 395-403.
  15. Arnott, Richard & Inci, Eren, 2006. "An integrated model of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 60(3), pages 418-442, November.
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  17. Kunreuther, Howard & Kleindorfer, Paul R, 1986. "A Sealed-Bid Auction Mechanism for Siting Noxious Facilities," American Economic Review, American Economic Association, vol. 76(2), pages 295-99, May.
  18. 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.
  19. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  20. Verhoef, Erik & Nijkamp, Peter & Rietveld, Piet, 1995. "The economics of regulatory parking policies: The (IM)possibilities of parking policies in traffic regulation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 29(2), pages 141-156, March.
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