Arbeitspapier
The External Cruising Costs of Parking
Existing work emphasizes the importance of traffic congestion externalities, but typically ignores cruising-for-parking externalities. We introduce a novel methodology to estimate the marginal external cruising costs of parking. The level of cruising is identified by examining to what extent the car inflow rate into the parking location falls with parking occupancy level. For a commercial street in Istanbul, we demonstrate that a marginal car parking for one hour induces 3.6 other cars to cruise for parking. This translates into an external cruising cost that far exceeds the external traffic congestion cost created by the trip.
- Language
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Englisch
- Bibliographic citation
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Series: Tinbergen Institute Discussion Paper ; No. 15-117/VIII
- Classification
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Wirtschaft
Externalities
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Transportation: General
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
Transportation Economics: Government Pricing and Policy
- Subject
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administrative parking data
cruising for parking
external costs of parking
parking fee
parking occupancy rate
- Event
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Geistige Schöpfung
- (who)
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Inci, Eren
van Ommeren, Jos N.
Kobus, Martijn
- Event
-
Veröffentlichung
- (who)
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Tinbergen Institute
- (where)
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Amsterdam and Rotterdam
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Inci, Eren
- van Ommeren, Jos N.
- Kobus, Martijn
- Tinbergen Institute
Time of origin
- 2015
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Residential Parking Permits and Parking Supply
Hospitals, Employees and Parking
The (Hidden) Cost of Employer Parking Policies
Empirical Evidence on Cruising for Parking
The Real Price Of Parking Policy
Transaction Costs in Housing Markets
The On-Street Parking Premium and Car Drivers' Choice between Street and Garage Parking
Transaction Management: Value Creation by Reducing Transaction Costs
The Impact of Parking Policy on House Prices
The Implementation of Marginal External Cost Pricing in Road Transport
Procurement: The Transaction Costs Perspective in a Globalising World
Residential parking costs and car ownership: Implications for parking policy and automated vehicles
Residential Parking Permits and Parking Supply
Hospitals, Employees and Parking
The (Hidden) Cost of Employer Parking Policies
Empirical Evidence on Cruising for Parking
The Real Price Of Parking Policy
Transaction Costs in Housing Markets
The On-Street Parking Premium and Car Drivers' Choice between Street and Garage Parking
Transaction Management: Value Creation by Reducing Transaction Costs
The Impact of Parking Policy on House Prices
The Implementation of Marginal External Cost Pricing in Road Transport