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The Real Price of Parking Policy

The Real Price of Parking Policy

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Published by parkingeconomics
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 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

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Published by: parkingeconomics on Oct 31, 2010
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09/10/2014

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TI 2009-083/3Tinbergen Institute Discussion Paper
The Real Price of Parking Policy
 
 Jos van Ommeren* Derk Wentink  Jasper Dekkers 
 
Faculty of Economics and Business Administration, VU University Amsterdam.* Tinbergen Institute.
 
 Tinbergen Institute
The Tinbergen Institute is the institute for economicresearch of the Erasmus Universiteit Rotterdam,Universiteit van Amsterdam, and Vrije UniversiteitAmsterdam.
Tinbergen Institute Amsterdam
Roetersstraat 311018 WB AmsterdamThe NetherlandsTel.: +31(0)20 551 3500Fax: +31(0)20 551 3555
Tinbergen Institute Rotterdam
Burg. Oudlaan 503062 PA RotterdamThe NetherlandsTel.: +31(0)10 408 8900Fax: +31(0)10 408 9031Most TI discussion papers can be downloaded athttp://www.tinbergen.nl.
 
1
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: jommeren@feweb.vu.nl. They would like to thank theDutch association of real estate agents (NVM) for providing housing data.
 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 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.

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