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Downtown Parking in Auto City

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Author Info
Richard Arnott () (Boston College)
John Rowse (University of Calgary)

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Abstract

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.

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File URL: http://fmwww.bc.edu/EC-P/WP660.pdf
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Publisher Info
Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 665.

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Length: 33 pages
Date of creation: 30 Apr 2007
Date of revision:
Handle: RePEc:boc:bocoec:665

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Related research
Keywords: parking; traffic congestion; parking garages; parking policy;

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Find related papers by JEL classification:
R40 - Urban, Rural, and Regional Economics - - Transportation Systems - - - General

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Arnott, Richard & Inci, Eren, 2008. "The Stability of Downtown Parking and Traffic Congestion," MPRA Paper 11786, University Library of Munich, Germany. [Downloadable!]
    Other versions:
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