The Real Price of Parking Policy
Tinbergen Institute Discussion Paper 09-083/3
29 Pages Posted: 13 Dec 2009
Date Written: September 23, 2009
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.
Keywords: on-street parking, cruising, parking policy, parking permits
JEL Classification: R48
Suggested Citation: Suggested Citation
van Ommeren, Jos and van Ommeren, Jos and Wentink, Derk and Dekkers, Jasper, The Real Price of Parking Policy (September 23, 2009). Tinbergen Institute Discussion Paper 09-083/3, Available at SSRN: https://ssrn.com/abstract=1480564 or http://dx.doi.org/10.2139/ssrn.1480564
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.