Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2009-09-30 Number: 09-083/3 Author-Name: Jos van Ommeren Author-Workplace-Name: VU University Amsterdam Author-Name: Derk Wentink Author-Workplace-Name: VU University Amsterdam Author-Name: Jasper Dekkers Author-Workplace-Name: VU University Amsterdam Title: The Real Price of Parking Policy 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.
This discussion paper has resulted in a publication in the Journal of Urban Economics. Classification-JEL: R48 Keywords: on-street parking, cruising, parking policy, parking permits File-Url: http://papers.tinbergen.nl/09083.pdf File-Format: application/pdf File-Size: 190367 bytes Handle: RePEc:tin:wpaper:20090083