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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 can be advantageous because it enables convenient access to a variety of shopping and leisure activities, but a major disadvantage is the difficulty of finding a parking spot. We formally model the trade-off between privileged parking for residents and economic vitality in terms of the product variety available in a vibrant city district and identify situations in which assigning on-street parking spaces to residential parking constitutes an optimal policy, both from a welfare and a resident perspective. However, we demonstrate that privileged parking for residents is unlikely to result in a first-best allocation of on-street parking spaces, if an efficient level of economic vitality is to be ensured at the same time.

(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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Related research

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

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References

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  1. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
  2. Calthrop, Edward & Proost, Stef, 2006. "Regulating on-street parking," Regional Science and Urban Economics, Elsevier, vol. 36(1), pages 29-48, January.
  3. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
  4. Arnott, Richard & Rowse, John, 1999. "Modeling Parking," Journal of Urban Economics, Elsevier, vol. 45(1), pages 97-124, January.
  5. Glazer, Amihai & Niskanen, Esko, 1992. "Parking fees and congestion," Regional Science and Urban Economics, Elsevier, vol. 22(1), pages 123-132, March.
  6. Richard Arnott & John Rowse, 2007. "Downtown Parking in Auto City," Boston College Working Papers in Economics 665, Boston College Department of Economics.
  7. 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.
  8. Ben Still & David Simmonds, 2000. "Parking restraint policy and urban vitality," Transport Reviews, Taylor & Francis Journals, vol. 20(3), pages 291-316, January.
  9. 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.
  10. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
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