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The Ideal Source of Local Public Revenue

  • Shoup, Donald C.
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    Free or underpriced curb parking creates a classic commons problem. Studies have found that between 8% and 74% of cars in congested traffic were cruising in search of curb parking, and that the average time to find a curb space ranged between 3 and 14 min. Cities can eliminate the economic incentive to cruise by charging market-clearing prices for curb parking spaces. Market-priced curb parking can yield between 5% and 8% of the total land rent in a city, and in some neighborhoods can yield more revenue than the property tax.

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    File URL: http://www.escholarship.org/uc/item/3x03s541.pdf;origin=repeccitec
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    Paper provided by University of California Transportation Center in its series University of California Transportation Center, Working Papers with number qt3x03s541.

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    Date of creation: 01 May 2004
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    Handle: RePEc:cdl:uctcwp:qt3x03s541
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    1. Shoup, Donald C, 2003. "Buying Time at the Curb," University of California Transportation Center, Working Papers qt2wz7401k, University of California Transportation Center.
    2. Ellickson, Bryan, 1973. "A Generalization of the Pure Theory of Public Goods," American Economic Review, American Economic Association, vol. 63(3), pages 417-32, June.
    3. Krupnick, Alan & Harrington, Winston & Alberini, Anna, 1998. "Overcoming Public Aversion to Congestion Pricing," Discussion Papers dp-98-27, Resources For the Future.
    4. Richard L. Pollock & Donald C. Shoup, 1977. "The Effect of Shifting the Property Tax Base from Improvement Value to Land Value: An Empirical Estimate," Land Economics, University of Wisconsin Press, vol. 53(1), pages 67-77.
    5. Arnott, Richard & Rowse, John, 1999. "Modeling Parking," Journal of Urban Economics, Elsevier, vol. 45(1), pages 97-124, January.
    6. Kolozsvari, Douglas & Shoup, Donald, 2003. "Turning Small Change into Big Changes," University of California Transportation Center, Working Papers qt3vq8794s, University of California Transportation Center.
    7. 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.
    8. Steven Raphael & Michael A. Stoll, 2000. "Can Boosting Minority Car-Ownership Rates Narrow Inter-Racial Employment Gaps," JCPR Working Papers 200, Northwestern University/University of Chicago Joint Center for Poverty Research.
    9. Saltzman, Robert M., 1994. "Three proposals for improving short-term on-street parking," Socio-Economic Planning Sciences, Elsevier, vol. 28(2), pages 85-100.
    10. Shoup, Donald C., 1994. "Cashing in on Curb Parking," University of California Transportation Center, Working Papers qt4z3061mk, University of California Transportation Center.
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