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The political economy of parking charges in "first" and "second-best" worlds

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  • Button, Kenneth

Abstract

The paper explores ways in which economists view parking charges within the context of policy formulation. Recent trends in economic analysis have taken more note of the institutional structure in which decisions are made; institutions embracing both formal structures such as laws but also the de facto ways in which actual outcomes emerge. While this distinction is often applied to final consumers, it also has relevance for those setting and enforcing micro economic policies such as parking policies. Taking a neo-classical economic approach would lead parking policies in one direction, but allowing for transactions costs, hysteresis, second-best factors, game-playing, etc. as well as normative concerns over equity of various kinds, all of which reflect institutional structures, can lead into a variety of others. The aim is to explain why current parking policies deviate from classical economic ideals.

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  • Button, Kenneth, 2006. "The political economy of parking charges in "first" and "second-best" worlds," Transport Policy, Elsevier, vol. 13(6), pages 470-478, November.
    • Handle: RePEc:eee:trapol:v:13:y:2006:i:6:p:470-478
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    Cited by:

    1. Santos, Georgina & Behrendt, Hannah & Maconi, Laura & Shirvani, Tara & Teytelboym, Alexander, 2010. "Part I: Externalities and economic policies in road transport," Research in Transportation Economics, Elsevier, vol. 28(1), pages 2-45.
    2. Jesper de Groote & Jos van Ommeren & Hans R.A. Koster, 2017. "The Impact of Parking Policy on House Prices," Tinbergen Institute Discussion Papers 17-037/VIII, Tinbergen Institute.
    3. Guo, Zhan & McDonnell, Simon, 2013. "Curb parking pricing for local residents: An exploration in New York City based on willingness to pay," Transport Policy, Elsevier, vol. 30(C), pages 186-198.
    4. Daniel Albalate & Xavier Fageda, 2019. "Congestion, Road Safety, and the Effectiveness of Public Policies in Urban Areas," Sustainability, MDPI, vol. 11(18), pages 1-21, September.
    5. Irena Ištoka Otković & Barbara Karleuša & Aleksandra Deluka-Tibljaš & Sanja Šurdonja & Mario Marušić, 2021. "Combining Traffic Microsimulation Modeling and Multi-Criteria Analysis for Sustainable Spatial-Traffic Planning," Land, MDPI, vol. 10(7), pages 1-26, June.
    6. Ge Gao & Huijun Sun & Jianjun Wu, 2019. "Activity-based trip chaining behavior analysis in the network under the parking fee scheme," Transportation, Springer, vol. 46(3), pages 647-669, June.
    7. Albalate, Daniel & Bel, Germà, 2010. "What shapes local public transportation in Europe? Economics, mobility, institutions, and geography," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(5), pages 775-790, September.
    8. Gallo, Mariano & D'Acierno, Luca & Montella, Bruno, 2011. "A multilayer model to simulate cruising for parking in urban areas," Transport Policy, Elsevier, vol. 18(5), pages 735-744, September.
    9. Bilbao-Ubillos, Javier, 2008. "The costs of urban congestion: Estimation of welfare losses arising from congestion on cross-town link roads," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(8), pages 1098-1108, October.
    10. Mingardo, Giuliano & van Wee, Bert & Rye, Tom, 2015. "Urban parking policy in Europe: A conceptualization of past and possible future trends," Transportation Research Part A: Policy and Practice, Elsevier, vol. 74(C), pages 268-281.
    11. Caicedo, Felix & Diaz, Alejandra, 2013. "Case analysis of simultaneous concessions of parking meters and underground parking facilities," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 358-378.
    12. Bonsall, Peter & Young, William, 2010. "Is there a case for replacing parking charges by road user charges?," Transport Policy, Elsevier, vol. 17(5), pages 323-334, September.
    13. Mark Delucchi & Don McCubbin, 2011. "External Costs of Transport in the United States," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 15, Edward Elgar Publishing.
    14. Gragera, Albert & Albalate, Daniel, 2016. "The impact of curbside parking regulation on garage demand," Transport Policy, Elsevier, vol. 47(C), pages 160-168.
    15. Inci, Eren, 2015. "A review of the economics of parking," Economics of Transportation, Elsevier, vol. 4(1), pages 50-63.

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