The economics of pricing parking
By: Anderson, Simon P.
Contributor(s): Palma, Andre de.
Material type:
ArticlePublisher: 2004Description: p.1-20.Subject(s): Motor vehicles | Public spaces
In:
Journal of Urban EconomicsSummary: We treat parking as a common property resource and examine the benefits of pricing it. without pricing, parking close to the destination will be excessive, and will fall off more rapidly than is socially optimal. The optimal pattern is attained under private ownership if each parking owner prices in a monopolistically competitive manner. When cruising for parking congests both parkers and through traffic, the benefits from pricing are substantially reduced. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 55, Issue no: 1 | Available | AR59986 |
We treat parking as a common property resource and examine the benefits of pricing it. without pricing, parking close to the destination will be excessive, and will fall off more rapidly than is socially optimal. The optimal pattern is attained under private ownership if each parking owner prices in a monopolistically competitive manner. When cruising for parking congests both parkers and through traffic, the benefits from pricing are substantially reduced. - Reproduced.
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