The Real Price Of Parking Policy

Jos van Ommeren (), Derk Wentink and Jasper Dekkers ()
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Derk Wentink: VU University Amsterdam

No 09-083/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

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 (search for similar items in EconPapers)
JEL-codes: R48 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2009-09-30

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Persistent link: http://EconPapers.repec.org/RePEc:dgr:uvatin:20090083

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