Time-varying parking prices

Jos van Ommeren, Giovanni Russo

According to economic theory, the price of parking must vary with the demand for this good. We study the economic consequences of not doing so by estimating the employees' parking demand at one organisation, which, rather uniquely, follows this recommendation. We estimate the effect of the employees' parking price on demand using an innovative difference-in-differences methodology. The deadweight loss generated by non-optimal pricing of parking is at least 9% of the parking resource costs.

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Year of publication:	1/19/2011
Authors:	Ommeren, Jos van ; Russo, Giovanni
Published in:	Regions in motion : breaking the path : 52nd ERSA Congress : 21 - 25 August 2012, Bratislava, Slovakia
Publisher:	[Louvain-la-Neuve] : European Regional Science Association
Subject:	parking pricing \| workers \| deadweight loss \| Parken \| Parking \| Theorie \| Theory \| Preismanagement \| Pricing strategy \| Preis \| Price

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Extent:	1 Online-Ressource (circa 17 Seiten)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Konferenzbeitrag ; Conference paper
Language:	English
Other identifiers:	hdl:10419/120691 [Handle]
Classification:	J32 - Nonwage Labor Costs and Benefits; Private Pensions ; L31 - Nonprofit Institutions ; R41 - Transportation: Demand; Supply; Congestion; Safety and Accidents
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011508666