Sunday, June 12, 2011

The real price of parking policy

http://www.sciencedirect.com/science/article/pii/S0094119011000155
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 residents’ cost of cruising is about €1 per day. The residents’ willingness to pay for a parking permit is about €10 per day.

by Jos van Ommeren, Derk Wentink and Jasper Dekkers; all of the Department of Spatial Economics, VU University, FEWEB, De Boelelaan, 1081 HV Amsterdam, The Netherlands
Journal of Urban Economics via Elseier Science Direct www.ScienceDirect.com
Volume 70, Issue 1; July, 2011; Pages 25-31
Keywords: Street parking; Cruising; House prices; Parking policy; Parking permits; Residential parking

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