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Downtown Parking in Auto City

  • Richard Arnott

    ()

    (Boston College)

  • John Rowse

    (University of Calgary)

This paper develops and calibrates a model of downtown parking in a city without mass transit, and applies it to investigate downtown parking policy. There is curbside and garage parking and traffic congestion. Spatial competition between private parking garages determines the equilibrium garage parking fee and spacing between parking garages. Curbside parking is priced below its social opportunity cost. Cruising for parking adjusts to equalize the full prices of on- and off-street parking, and contributes to traffic congestion. The central result is that raising curbside parking fees appears to be a very attractive policy since it generates efficiency gains that may be several times as large as the increased revenues raised.

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Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 665.

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Length: 33 pages
Date of creation: 30 Apr 2007
Date of revision:
Handle: RePEc:boc:bocoec:665
Contact details of provider: Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
Phone: 617-552-3670
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Web page: http://fmwww.bc.edu/EC/
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