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Parking in the city

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  • Simon P. Anderson
  • André de Palma

Abstract

We integrate parking in a simple manner into the basic monocentric model. In equilibrium, the city divides into three zones. Closest to the CBD are parking lots, with residential housing further out. Residents contiguous to the parking lots walk to work. Those in the last band drive to a parking lot and then walk the remaining distance to the CBD. We first assume that parking is unattributed and subject to a common property resource problem. Then the social optimum configuration is identical to the equilibrium when parking lots are monopolistically competitively priced. That is, the optimum is decentralised by private ownership when operators maximise profits under competitive constraints. With attributed parking, the optimum is also attained in equilibrium, and entails higher welfare than unattributed parking. Copyright (c) 2007 the author(s). Journal compilation (c) 2007 RSAI.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Papers in Regional Science.

Volume (Year): 86 (2007)
Issue (Month): 4 (November)
Pages: 621-632

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Handle: RePEc:bla:presci:v:86:y:2007:i:4:p:621-632

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1056-8190

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Cited by:
  1. Hasker, Kevin & Inci, Eren, 2012. "Free Parking for All in Shopping Malls," MPRA Paper 35978, University Library of Munich, Germany.
  2. Richard J. Arnott & Eren Inci & John Rowse, 2013. "Downtown Curbside Parking Capacity," CESifo Working Paper Series 4085, CESifo Group Munich.
  3. Fosgerau, Mogens & de Palma, André, 2013. "The dynamics of urban traffic congestion and the price of parking," Journal of Public Economics, Elsevier, Elsevier, vol. 105(C), pages 106-115.

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