Residential Parking in Vibrant City Districts
AbstractLiving downtown has advantages because it allows for a convenient access to a variety of shopping and leisure activities as well as disadvantages due to the difficulties in finding a parking spot when parking capacity is scarce. We formally model the trade-off in a vibrant city district between parking privileges for residents and economic vitality in terms of the product variety offered. We identify situations in which assigning on-street parking spaces to residential parking is a welfare-maximizing policy. Furthermore, we analyze the optimal share of residential parking spaces from the residents perspective only and find that it exceeds the welfare-maximizing share. --
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Bibliographic InfoPaper provided by Institute of Transport Economics, University of Muenster in its series Working Papers with number 18.
Length: 25 pages
Date of creation: Sep 2013
Date of revision:
Publication status: Forthcoming in Economics of Transportation
residential parking; urban vitality; love of variety; local decision-making;
Other versions of this item:
- Molenda, Inga & Sieg, Gernot, 2013. "Residential Parking in Vibrant City Districts," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79933, Verein für Socialpolitik / German Economic Association.
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-16 (All new papers)
- NEP-CDM-2013-11-16 (Collective Decision-Making)
- NEP-TRE-2013-11-16 (Transport Economics)
- NEP-URE-2013-11-16 (Urban & Real Estate Economics)
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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