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The effect of minimum parking requirements on the housing stock
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.ORCID iD: 0000-0001-6818-4369
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
2016 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 49, p. 206-215Article in journal (Refereed) Published
Resource type
Text
Abstract [en]

The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb. (C) 2016 Elsevier Ltd. All rights reserved.

Place, publisher, year, edition, pages
2016. Vol. 49, p. 206-215
Keywords [en]
Parking norms, Housing market, Construction
National Category
Civil Engineering
Identifiers
URN: urn:nbn:se:kth:diva-189800DOI: 10.1016/j.tranpol.2016.05.005ISI: 000378181200021Scopus ID: 2-s2.0-84965179224OAI: oai:DiVA.org:kth-189800DiVA, id: diva2:949541
Funder
Swedish Transport Administration
Note

QC 20160720

Available from: 2016-07-20 Created: 2016-07-15 Last updated: 2017-10-26Bibliographically approved
In thesis
1. Policy Analysis for Different Types of Decision-Making Situations
Open this publication in new window or tab >>Policy Analysis for Different Types of Decision-Making Situations
2017 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis seeks to contribute to decision support for policy makers in the transport sector. In order to frame the papers and to relate them to the broad field of “policy analysis”, I have structured the papers around a simple framework with three decision levels: responsibility, policy gap, and policy measure. The thesis contains five papers.

“Transaction and transition costs during the deregulation of the Swedish Railway market” is a paper in the transaction cost school. We studied the costs associated with the shift from monopoly to competition in the Swedish railway market, and we found that the change resulted in comparatively small transaction costs, but that transition and misalignment costs seem to be larger. 

In “Parking policy under strategic interaction”, I examined the effect of strategic interaction between jurisdictions using an analytical model based on Hotelling’s linear city model. I conclude that the procedure for setting supply in most municipalities has a strong downward effect on municipal parking fees and that resource flow competition implies that the fees are higher than the efficient prices (but that the effect of the supply procedures makes this effect incongruous).

In “Validation of aggregate reference forecasts for passenger transport”, we followed up the Swedish national forecasts for passenger transport produced from 1975 to 2009 and tried to explain the deviations. We found that the forecasts during the last decades have overestimated car traffic, and that this is due to input errors. The potential problem of using cross-sectional models for forecasting intertemporal changes seems to have been limited.

In “The kilometer tax and Swedish industry - effects on sectors and regions”, we estimated factor demand elasticities in the Swedish manufacturing industry and used these to analyze the effects of a kilometer tax for heavy goods vehicles. We found that the kilometer tax leads to factor substitution in that it decreases transport demand and increases labor demand. The effects on output are less pronounced.  

In “The effect of minimum parking requirements on the housing stock”, we used a model of the rental, asset, and construction markets. We quality-assured our assumptions and our results through interviews with market actors. In our example suburb, we found that parking norms reduced the housing stock by 1.2% and increased rents by 2.4%. 

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2017. p. 49
Keywords
transaction cost, transition cost, misalignment, parking policy, strategic interaction, spillover, resource flow, reference forecast, kilometer tax, minimum parking requirements
National Category
Economics
Research subject
Transport Science
Identifiers
urn:nbn:se:kth:diva-216974 (URN)978-91-88537-04-1 (ISBN)
Public defence
2017-11-17, Kollegiesalen, Brinellvägen 8, Stockholm, 10:00 (English)
Opponent
Supervisors
Funder
Swedish Transport AdministrationSwedish Environmental Protection Agency
Note

QC 20171026

Available from: 2017-10-26 Created: 2017-10-26 Last updated: 2017-10-31Bibliographically approved

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