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Residential parking in vibrant city districts

  • Molenda, Inga
  • Sieg, Gernot

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.

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Article provided by Elsevier in its journal Economics of Transportation.

Volume (Year): 2 (2013)
Issue (Month): 4 ()
Pages: 131-139

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Handle: RePEc:eee:ecotra:v:2:y:2013:i:4:p:131-139
Contact details of provider: Web page: http://www.elsevier.com/locate/ecotra

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  1. Calthrop, Edward & Proost, Stef, 2006. "Regulating on-street parking," Regional Science and Urban Economics, Elsevier, vol. 36(1), pages 29-48, January.
  2. 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.
  3. Glazer, Amihai & Niskanen, Esko, 2001. "Parking fees and congestion," University of California Transportation Center, Working Papers qt9h51t02k, University of California Transportation Center.
  4. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
  5. Arnott, Richard & Rowse, John, 1999. "Modeling Parking," Journal of Urban Economics, Elsevier, vol. 45(1), pages 97-124, January.
  6. Arnott, Richard & Inci, Eren, 2006. "An integrated model of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 60(3), pages 418-442, November.
  7. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  8. 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.
  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.
  10. Ben Still & David Simmonds, 2000. "Parking restraint policy and urban vitality," Transport Reviews, Taylor & Francis Journals, vol. 20(3), pages 291-316, January.
  11. van Ommeren, Jos & de Groote, Jesper & Mingardo, Giuliano, 2014. "Residential parking permits and parking supply," Regional Science and Urban Economics, Elsevier, vol. 45(C), pages 33-44.
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