The WTP for Facilities at the Amsterdam Zuidas

Thomas Graaff (t.de.graaff@vu.nl), Henri de Groot, Caroline A. Rodenburg (caroline.rodenburg@nl.ey.com) and Erik Verhoef
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Caroline A. Rodenburg: Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam, and Ernst & Young

No 05-090/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at the Amsterdam Zuidas for the presence of non-shopping and shopping facilities. The Amsterdam Zuidas area, surrounding the current train-metro-tram station Amsterdam Zuid World-Trade-Centre, is the largest multifunctional land use project currently under development in The Netherlands. For non-shopping facilities, the results show that employees have the highest WTP for the presence of day-care centres and public transport facilities, and the lowest for public and recreation facilities. The average WTP for the presence of non-shopping facilities amounts to approximately € 29 per month per employee. The WTP for the presence of shopping facilities is estimated at € 16 per month per employee on average, and is in absolute value highest for supermarkets and lowest for hairdressers and dry cleaners.

Keywords: Multifunctional Land Use; Roy's Selection Model; Stated Preference Survey; Willingness to Pay (search for similar items in EconPapers)
JEL-codes: C42 R14 (search for similar items in EconPapers)
Date: 2005-10-12
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Related works:
Journal Article: The WTP for Facilities at the Amsterdam Zuidas (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20050090

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