The Real Price of Parking Policy

Tinbergen Institute Discussion Paper 09-083/3

29 Pages Posted: 13 Dec 2009

See all articles by Jos van Ommeren

Jos van Ommeren

Tinbergen Institute; Vrije Universiteit Brussel (VUB)

Derk Wentink

VU University Amsterdam - Dept. of Spatial Economics

Jasper Dekkers

Vrije Universiteit Amsterdam, School of Business and Economics

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

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

Jos Van Ommeren (Contact Author)

Tinbergen Institute ( email )

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

Vrije Universiteit Brussel (VUB) ( email )

Pleinlaan 2
http://www.vub.ac.be/
Brussels, 1050
Belgium

Derk Wentink

VU University Amsterdam - Dept. of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands

Jasper Dekkers

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
103
Abstract Views
1,133
Rank
469,563
PlumX Metrics