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Time-varying parking prices

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  • Jos Van Ommeren

    ()

  • Giovanni Russo

Abstract

According to economic theory, the price of parking must vary with the demand for this good. We study the economic consequences of not doing so by estimating the employees' parking demand at one organisation, which, rather uniquely, follows this recommendation. We estimate the effect of the employees' parking price on demand using an innovative difference-in-differences methodology. The deadweight loss generated by non-optimal pricing of parking is at least 9% of the parking resource costs.

Suggested Citation

  • Jos Van Ommeren & Giovanni Russo, 2012. "Time-varying parking prices," ERSA conference papers ersa12p828, European Regional Science Association.
  • Handle: RePEc:wiw:wiwrsa:ersa12p828
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    References listed on IDEAS

    as
    1. Kobus, Martijn B.W. & GutiƩrrez-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.
    2. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
    3. Willson, Richard W., 1992. "Estimating the Travel and Parking Demand Effects of Employer-Paid Parking," University of California Transportation Center, Working Papers qt37p740qt, University of California Transportation Center.
    4. Jos Van Ommeren & Derk Wentink, 2012. "The (Hidden) Cost Of Employer Parking Policies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(3), pages 965-978, August.
    5. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
    6. Arnott, Richard & Inci, Eren, 2010. "The stability of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 68(3), pages 260-276, November.
    7. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1991. "A temporal and spatial equilibrium analysis of commuter parking," Journal of Public Economics, Elsevier, vol. 45(3), pages 301-335, August.
    8. Kevin Hasker & Eren Inci, 2014. "Free Parking For All In Shopping Malls," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55, pages 1281-1304, November.
    9. Noether, Monica, 1988. "Competition among hospitals," Journal of Health Economics, Elsevier, vol. 7(3), pages 259-284, September.
    10. 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.
    11. Willson, Richard W. & Shoup, Donald C., 1990. "Parking Subsidies and Travel Choices: Assessing the Evidence," University of California Transportation Center, Working Papers qt3256f490, University of California Transportation Center.
    12. Wilson, Richard W. & Shoup, Donald C., 1990. "Parking Subsidies and Travel Choices: Assessing the Evidence," University of California Transportation Center, Working Papers qt5w24532x, University of California Transportation Center.
    13. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-260, May.
    14. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
    15. Thomson, Ron B., 1994. "Competition among hospitals in the United States," Health Policy, Elsevier, vol. 27(3), pages 205-231, March.
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    Cited by:

    1. Pyddoke, Roger, 2016. "Modelling effects of policy instruments for sustainable urban transport in Scandinavia," Working papers in Transport Economics 2016:29, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    2. repec:eee:phsmap:v:490:y:2018:i:c:p:1096-1110 is not listed on IDEAS
    3. Zakharenko, Roman, 2016. "The time dimension of parking economics," Transportation Research Part B: Methodological, Elsevier, vol. 91(C), pages 211-228.
    4. Inci, Eren, 2015. "A review of the economics of parking," Economics of Transportation, Elsevier, vol. 4(1), pages 50-63.

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