A trial beginning this month in Amsterdam will test negotiable parking rights: the price of a parking space will come to depend on the 'market'.
Conducted by the Vrije University of Amsterdam (VU), 500 motorists from Rotterdam are set to take part. A so-called "lab-in-the-field" experiment, the trading behaviour of participants will be tested in a virtual environment.
Each participant receives a stipulated parking budget and a number of parking permits which they then use to decide how the parking spaces are allocated.
A parking rate can be chosen that changes by the day, whilst a negotiable parking permit can also be used to pay for a space.
The permits can be sold and purchased at a market price that varies according to supply and demand.
With the experiment, the VU wants to see whether the concept of tradeable "mobility rights" works in practice.
Such a system can be described as budget neutral, as the motorists pay each other. In such a system, the government neither spends nor receives money. The intention is to start a similar experiment in Rotterdam in spring 2018.
The notion of “mobility rights” has also been mentioned as a possible way to tackle road congestion. As part of this, road users would be allocated a number of ‘free’ rush hour travel days, which they could then sell to other motorists if they wish. By limiting the number of issued permits, it is hoped that congestion could be vastly reduced.
To find out more information, visit verkeersnet.nl (in Dutch).