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Residential Parking in Vibrant City Districts

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Author Info

  • Inga Molenda

    ()
    (Institute of Transport Economics, Muenster)

  • Gernot Sieg

    ()
    (Institute of Transport Economics, Muenster)

Abstract

Living 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. --

(This abstract was borrowed from another version of this item.)

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File URL: http://www.wiwi.uni-muenster.de/ivm/materialien/forschen/Veroeffentlichungen/WP18.pdf
File Function: First version, 2013
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Bibliographic Info

Paper provided by Institute of Transport Economics, University of Muenster in its series Working Papers with number 18.

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Length: 25 pages
Date of creation: Sep 2013
Date of revision:
Publication status: Forthcoming in Economics of Transportation
Handle: RePEc:mut:wpaper:18

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Postal: Universitätsstr. 14-16, 48143 Münster
Phone: 02 51 / 83-2 29 10
Fax: 02 51 / 83-2 83 99
Web page: http://www.wiwi.uni-muenster.de/ivm/
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Related research

Keywords: residential parking; urban vitality; love of variety; local decision-making;

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References

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  1. Richard Arnott & Eren Inci, 2005. "An Integrated Model of Downtown Parking and Traffic Congestion," Boston College Working Papers in Economics 608, Boston College Department of Economics.
  2. Jos van Ommeren & Derk Wentink & Jasper Dekkers, 2009. "The Real Price Of Parking Policy," Tinbergen Institute Discussion Papers 09-083/3, Tinbergen Institute.
  3. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
  4. Arnott, Richard & Rowse, John, 1999. "Modeling Parking," Journal of Urban Economics, Elsevier, vol. 45(1), pages 97-124, January.
  5. Edward Calthrop & Stef Proost, 2002. "Regulating on-street parking," Energy, Transport and Environment Working Papers Series ete0202, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  6. Glazer, Amihai & Niskanen, Esko, 2001. "Parking fees and congestion," University of California Transportation Center, Working Papers qt9h51t02k, University of California Transportation Center.
  7. Shoup, Donald C., 1999. "The trouble with minimum parking requirements," Transportation Research Part A: Policy and Practice, Elsevier, vol. 33(7-8), pages 549-574.
  8. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  9. Ben Still & David Simmonds, 2000. "Parking restraint policy and urban vitality," Transport Reviews, Taylor & Francis Journals, vol. 20(3), pages 291-316, January.
  10. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
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