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Free Parking for All in Shopping Malls

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Author Info

  • Hasker, Kevin
  • Inci, Eren

Abstract

We show why a shopping mall prefers to provide parking for free and embed the parking costs in the prices of the goods. This holds if the mall has monopoly power or prices competitively; if there is parking validation or a trade-off between shopping and parking spaces. It is also the second-best social optimum. Generally, the equilibrium lot size is too small, yielding a rationale for minimum parking requirements. In urban malls, parking fees may be positive because individuals can use the lot without intending to shop, and lots may become too large because of the trade-off between shopping and parking spaces.

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File URL: http://mpra.ub.uni-muenchen.de/35978/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 35978.

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Date of creation: 16 Jan 2012
Date of revision:
Handle: RePEc:pra:mprapa:35978

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Related research

Keywords: land use; lot size; parking fee; parking requirements; shopping mall;

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References

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  1. Richard Arnott & Eren Inci, 2005. "An Integrated Model of Downtown Parking and Traffic Congestion," NBER Working Papers 11118, National Bureau of Economic Research, Inc.
  2. Jos Van Ommeren & Derk Wentink, 2012. "The (Hidden) Cost Of Employer Parking Policies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(3), pages 965-978, 08.
  3. Richard J. Arnott & Eren Inci, 2009. "The Stability of Downtown Parking and Traffic Congestion," CESifo Working Paper Series 2525, CESifo Group Munich.
  4. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  5. Vickrey, William S, 1969. "Congestion Theory and Transport Investment," American Economic Review, American Economic Association, vol. 59(2), pages 251-60, May.
  6. Simon P. Anderson & André de Palma, 2007. "Parking in the city," Papers in Regional Science, Wiley Blackwell, vol. 86(4), pages 621-632, November.
  7. Jean-Charles Rochet & Jean Tirole, 2003. "Platform Competition in Two-Sided Markets," Journal of the European Economic Association, MIT Press, vol. 1(4), pages 990-1029, 06.
  8. Arnott, Richard & Rowse, John, 2009. "Curbside Parking Time Limits," University of California Transportation Center, Working Papers qt21p8f8b2, University of California Transportation Center.
  9. Maria Arbatskaya & Kaushik Mukhopadhaya & Eric Rasmusen, 2001. "The Parking Lot Problem," CIRJE F-Series CIRJE-F-119, CIRJE, Faculty of Economics, University of Tokyo.
    • Maria Arbatskaya & Kaushik Mukhopadhaya & Eric Rasmusen, 2007. "The Parking Lot Problem," Working Papers 2007-04, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
  10. Calthrop, Edward & Proost, Stef, 2006. "Regulating on-street parking," Regional Science and Urban Economics, Elsevier, vol. 36(1), pages 29-48, January.
  11. Richard Arnott & Tilmann Rave & Ronnie Schöb, 2005. "Alleviating Urban Traffic Congestion," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012197, January.
  12. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
  13. Glazer, Amihai & Niskanen, Esko, 1992. "Parking fees and congestion," Regional Science and Urban Economics, Elsevier, vol. 22(1), pages 123-132, March.
  14. Shoup, Donald C., 2006. "Cruising for Parking," University of California Transportation Center, Working Papers qt55s7079f, University of California Transportation Center.
  15. Arnott, Richard & de Palma, Andre & Lindsey, Robin, 1991. "A temporal and spatial equilibrium analysis of commuter parking," Journal of Public Economics, Elsevier, vol. 45(3), pages 301-335, August.
  16. Richard Arnott & John Rowse, 1997. "Modeling Parking," Boston College Working Papers in Economics 350., Boston College Department of Economics.
  17. Drewianka, Scott, 2008. "Constrained labor supply and risk-aversion," Economics Letters, Elsevier, vol. 101(2), pages 130-133, November.
  18. Jos van Ommeren & Derk Wentink & Jasper Dekkers, 2009. "The Real Price Of Parking Policy," Tinbergen Institute Discussion Papers 09-083/3, Tinbergen Institute.
  19. 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.
  20. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
  21. Shoup, Donald C., 2006. "Cruising for parking," Transport Policy, Elsevier, vol. 13(6), pages 479-486, November.
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Citations

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Cited by:
  1. Jos van Ommeren & Jesper de Groote & Giuliano Mingardo, 2013. "Residential Parking Permits and Parking Supply," Tinbergen Institute Discussion Papers 13-059/VIII, Tinbergen Institute.
  2. Richard J. Arnott & Eren Inci & John Rowse, 2013. "Downtown Curbside Parking Capacity," CESifo Working Paper Series 4085, CESifo Group Munich.
  3. Kobus, Martijn B.W. & Gutiérrez-i-Puigarnau, Eva & Rietveld, Piet & Van Ommeren, Jos N., 2013. "The on-street parking premium and car drivers' choice between street and garage parking," Regional Science and Urban Economics, Elsevier, vol. 43(2), pages 395-403.
  4. Martijn Kobus & Eva Gutiérrez-i-Puigarnau & Piet Rietveld & Jos Van Ommeren, 2012. "Drivers' willingness to pay for curb parking (rather than in a garage)," ERSA conference papers ersa12p753, European Regional Science Association.
  5. repec:dgr:uvatin:2012040 is not listed on IDEAS
  6. repec:dgr:uvatin:2013059 is not listed on IDEAS

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