The Ideal Source of Local Public Revenue
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.
|Date of creation:||01 May 2004|
|Date of revision:|
|Contact details of provider:|| Postal: 109 McLaughlin Hall, Mail Code 1720, Berkeley, CA 94720-1720|
Web page: http://www.escholarship.org/repec/uctc/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Richard Arnott & John Rowse, 1997.
Boston College Working Papers in Economics
350., Boston College Department of Economics.
- Shoup, Donald C, 2003. "Buying Time at the Curb," University of California Transportation Center, Working Papers qt2wz7401k, University of California Transportation Center.
- 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.
- Raphael, Steven & Stoll, Michael, 2001. "Can Boosting Minority Car-Ownership Rates Narrow Inter-Racial Employment Gaps?," Berkeley Program on Housing and Urban Policy, Working Paper Series qt4k4519pw, Berkeley Program on Housing and Urban Policy.
- Saltzman, Robert M., 1994. "Three proposals for improving short-term on-street parking," Socio-Economic Planning Sciences, Elsevier, vol. 28(2), pages 85-100.
- Harrington, Winston & Krupnick, Alan J. & Alberini, Anna, 2001.
"Overcoming public aversion to congestion pricing,"
Transportation Research Part A: Policy and Practice,
Elsevier, vol. 35(2), pages 87-105, February.
- 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.
- Shoup, Donald C., 1994. "Cashing in on Curb Parking," University of California Transportation Center, Working Papers qt4z3061mk, University of California Transportation Center.
- 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.
- Kolozsvari, Douglas & Shoup, Donald, 2003. "Turning Small Change into Big Changes," University of California Transportation Center, Working Papers qt3vq8794s, University of California Transportation Center.
When requesting a correction, please mention this item's handle: RePEc:cdl:uctcwp:qt3x03s541. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lisa Schiff)
If references are entirely missing, you can add them using this form.