The real price of parking policy
Jos van OmmerenDerk Wentink Jasper Dekkers
23/09/2009The authors are associated with the VU University, FEWEB, De Boelelaan, 1081 HVAmsterdam, the Netherlands; Email: email@example.com. They would like to thank theDutch association of real estate agents (NVM) for providing housing data.
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 basedon house prices for Amsterdam. The average cost of cruising is €1.30 per day. The averageresidents' willingness to pay for a parking permit is €8 per day. Further, we show that theintroduction of paid parking in a neighborhood decreases house prices in this neighbourhood.