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The Real Price of Parking Policy

Author

Listed:
  • Jos van Ommeren

    (VU University Amsterdam)

  • Derk Wentink

    (VU University Amsterdam)

  • Jasper Dekkers

    (VU University Amsterdam)

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. This discussion paper has resulted in a publication in the Journal of Urban Economics .

Suggested Citation

  • Jos van Ommeren & Derk Wentink & Jasper Dekkers, 2009. "The Real Price of Parking Policy," Tinbergen Institute Discussion Papers 09-083/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20090083
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    References listed on IDEAS

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    More about this item

    Keywords

    on-street parking; cruising; parking policy; parking permits;
    All these keywords.

    JEL classification:

    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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