English, Article, Journal or magazine article edition: Downtown Parking in Auto City Richard Arnott; John Rowse

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Bookmark: http://trove.nla.gov.au/version/73667
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Downtown Parking in Auto City
Author
  • Richard Arnott
  • John Rowse
Physical Description
  • preprint
Notes
  • This paper develops and calibrates a model of downtown parking in a city without mass transit, and applies it to investigate downtown parking policy. There is curbside and garage parking and traffic congestion. Spatial competition between private parking garages determines the equilibrium garage parking fee and spacing between parking garages. Curbside parking is priced below its social opportunity cost. Cruising for parking adjusts to equalize the full prices of on- and off-street parking, and contributes to traffic congestion. The central result is that raising curbside parking fees appears to be a very attractive policy since it generates efficiency gains that may be several times as large as the increased revenues raised.
  • parking, traffic congestion, parking garages, parking policy
  • RePEc:boc:bocoec:665
Language
  • English
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