Time-varying parking prices

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

According to welfare-maximising principles, the price of parking must vary per day given shifts in daily demand. We study the economic consequences of not doing so by estimating the employees' parking demand at an organisation that varies t h e price of parking by day of the week. We estimate the effect of the employees' parking price on demand using a difference-in-differences methodology. The deadweight loss of free parking due to overconsumption of parking is about 10% of the organisation's parking costs (excluding welfare costs due to increased travel externalities). Charging a fixed price per day induces a welfare loss of at least 4% of the organisation's parking costs.
Original languageEnglish
Pages (from-to)166-174
Number of pages8
JournalEconomics of Transportation
Volume3
Issue number2
DOIs
Publication statusPublished - 2014

Fingerprint

Dive into the research topics of 'Time-varying parking prices'. Together they form a unique fingerprint.

Cite this