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Regulación Económica Para La Tarifa De Parqueaderos En Bogotá Mediante Precios Máximos
[Economic Regulation For The Parking Fare In Bogota Trough Maximum Prices]

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  • Perdomo Calvo, Jorge Andrés
  • Rubio Echeverri, Mariana

Abstract

The main objective of this study is to estimate the price cap through which the parking service fares should be regulated in Bogota, by means of the theoretical guidelines of the transportation economic theory and under the price fixation criterion. The results of this analysis are evinced based on primary information (surveys), non linear (Box-Cox) total production cost, and mathematics optimization (comparative statics). It is concluded that current price per minute is overestimated.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43891.

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Date of creation: 14 Mar 2012
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Publication status: Published in Cuadernos de Economía 31.58(2012): pp. 287-302
Handle: RePEc:pra:mprapa:43891

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Keywords: economic regulation; parking fare; Bogota; prices cap; total cost function; Box-Cox; comparative static;

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References

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  1. Perdomo Calvo, Jorge Andrés & Ramirez Orozco, Juan Andrés, 2011. "Análisis económico sobre el tamaño óptimo del mercado y ubicación de estaciones de transferencia para el manejo de residuos sólidos en Colombia
    [Economic Analysis about the Solid Waste Quanti
    ," MPRA Paper 37719, University Library of Munich, Germany.
  2. David E.M. Sappington & David S. Sibley, 1992. "Strategic Nonlinear Pricing under Price-Cap Regulation," RAND Journal of Economics, The RAND Corporation, vol. 23(1), pages 1-19, Spring.
  3. Jorge Perdomo, 2011. "A methodological proposal to estimate changes of residential property value: case study developed in Bogota," Applied Economics Letters, Taylor & Francis Journals, vol. 18(16), pages 1577-1581.
  4. de Borger, Bruno & Kerstens, Kristiaan & Staat, Matthias, 2008. "Transit costs and cost efficiency: Bootstrapping non-parametric frontiers," Research in Transportation Economics, Elsevier, vol. 23(1), pages 53-64, January.
  5. Robert Loube, 1995. "Price Cap Regulation: Problems and Solutions," Land Economics, University of Wisconsin Press, vol. 71(3), pages 286-298.
  6. Shoup, Donald C., 1997. "The High Cost of Free Parking," University of California Transportation Center, Working Papers qt4vz087cc, University of California Transportation Center.
  7. Pierre-Philippe Combes & Miren Lafourcade, 2005. "Transport costs: measures, determinants, and regional policy implications for France," Journal of Economic Geography, Oxford University Press, vol. 5(3), pages 319-349, June.
  8. Shoup, Donald C., 1997. "The High Cost of Free Parking," University of California Transportation Center, Working Papers qt25w617n7, University of California Transportation Center.
  9. 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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