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Residential Parking in Vibrant City Districts

Author

Listed:
  • Inga Molenda

    (Institute of Transport Economics, Muenster)

  • Gernot Sieg

    (Institute of Transport Economics, Muenster)

Abstract

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Inga Molenda & Gernot Sieg, 2013. "Residential Parking in Vibrant City Districts," Working Papers 18, Institute of Transport Economics, University of Muenster.
    • Handle: RePEc:mut:wpaper:18
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Jin Xie & Xiaofei Ye & Zhongzhen Yang & Xingchen Yan & Lili Lu & Zhen Yang & Tao Wang, 2019. "Impact of Risk and Benefit on the Suppliers’ and Managers’ Intention of Shared Parking in Residential Areas," Sustainability, MDPI, vol. 12(1), pages 1-17, December.
    2. Günter Knieps & Thomas Griese & André Grüttner & Oliver Rottmann & Hans-Wilhelm Schiffer & Gernot Sieg & David Stadelmann & Heiner Monheim, 2018. "Fahrverbote, City-Maut, kostenloser öffentlicher Nahverkehr: Wege aus dem Verkehrskollaps?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(09), pages 03-22, May.
    3. De Borger, Bruno & Russo, Antonio, 2017. "The political economy of pricing car access to downtown commercial districts," Transportation Research Part B: Methodological, Elsevier, vol. 98(C), pages 76-93.
    4. Inga Molenda & Gernot Sieg, 2018. "To Pay or Not to Pay for Parking at Shopping Malls: A Rationale from the Perspective of Two-sided Markets," Journal of Transport Economics and Policy, University of Bath, vol. 52(3), pages 283-28-297.
    5. Arnott, Richard & Inci, Eren & Rowse, John, 2015. "Downtown curbside parking capacity," Journal of Urban Economics, Elsevier, vol. 86(C), pages 83-97.
    6. DE BORGER, Bruno & RUSSO, Antonio, 2015. "Lobbying and the political economy of pricing car access to downtown commercial districts," Working Papers 2015012, University of Antwerp, Faculty of Business and Economics.
    7. Taylor, Dr Elizabeth, 2021. "Free parking for free people: German road laws and rights as constraints on local car parking management," Transport Policy, Elsevier, vol. 101(C), pages 23-33.
    8. Winter, Konstanze & Cats, Oded & Martens, Karel & van Arem, Bart, 2021. "Parking space for shared automated vehicles: How less can be more," Transportation Research Part A: Policy and Practice, Elsevier, vol. 143(C), pages 61-77.
    9. Evangelinos, Christos & Tscharaktschiew, Stefan & Marcucci, Edoardo & Gatta, Valerio, 2018. "Pricing workplace parking via cash-out: Effects on modal choice and implications for transport policy," Transportation Research Part A: Policy and Practice, Elsevier, vol. 113(C), pages 369-380.
    10. Brudner, Amir, 2023. "On the management of residential on-street parking: Policies and repercussions," Transport Policy, Elsevier, vol. 138(C), pages 94-107.
    11. Taylor, Elizabeth Jean, 2020. "Parking policy: The politics and uneven use of residential parking space in Melbourne," Land Use Policy, Elsevier, vol. 91(C).
    12. Groote, Jesper De & Ommeren, Jos Van & Koster, Hans R.A., 2016. "Car ownership and residential parking subsidies: Evidence from Amsterdam," Economics of Transportation, Elsevier, vol. 6(C), pages 25-37.
    13. Inci, Eren, 2015. "A review of the economics of parking," Economics of Transportation, Elsevier, vol. 4(1), pages 50-63.
    14. Olus Inan, Murat & Inci, Eren & Robin Lindsey, C., 2019. "Spillover parking," Transportation Research Part B: Methodological, Elsevier, vol. 125(C), pages 197-228.

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    More about this item

    Keywords

    residential parking; urban vitality; love of variety; local decision-making;
    All these keywords.

    JEL classification:

    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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