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Residential Parking in Vibrant City Districts

  • Molenda, Inga
  • Sieg, Gernot

Living downtown has advantages because it allows for a convenient access to a variety of shopping and leisure activities as well as disadvantages due to the difficulties in finding a parking spot when parking capacity is scarce. We formally model the trade-off in a vibrant city district between parking privileges for residents and economic vitality in terms of the product variety offered. We identify situations in which assigning on-street parking spaces to residential parking is a welfare-maximizing policy. Furthermore, we analyze the optimal share of residential parking spaces from the residents perspective only and find that it exceeds the welfare-maximizing share.

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File URL: http://econstor.eu/bitstream/10419/79933/1/VfS_2013_pid_47.pdf
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Paper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order with number 79933.

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Date of creation: 2013
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Handle: RePEc:zbw:vfsc13:79933
Contact details of provider: Web page: http://www.socialpolitik.org/
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  1. Edward Calthrop & Stef Proost, 2002. "Regulating on-street parking," Energy, Transport and Environment Working Papers Series ete0202, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
  2. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
  3. van Ommeren, Jos & de Groote, Jesper & Mingardo, Giuliano, 2014. "Residential parking permits and parking supply," Regional Science and Urban Economics, Elsevier, vol. 45(C), pages 33-44.
  4. Arnott, Richard & Rowse, John, 2009. "Downtown parking in auto city," Regional Science and Urban Economics, Elsevier, vol. 39(1), pages 1-14, January.
  5. Arnott, Richard & Inci, Eren, 2006. "An integrated model of downtown parking and traffic congestion," Journal of Urban Economics, Elsevier, vol. 60(3), pages 418-442, November.
  6. repec:ucp:bkecon:9781884829987 is not listed on IDEAS
  7. Richard Arnott & John Rowse, 1997. "Modeling Parking," Boston College Working Papers in Economics 350., Boston College Department of Economics.
  8. 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.
  9. Glazer, Amihai & Niskanen, Esko, 2001. "Parking fees and congestion," University of California Transportation Center, Working Papers qt9h51t02k, University of California Transportation Center.
  10. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
  11. Ben Still & David Simmonds, 2000. "Parking restraint policy and urban vitality," Transport Reviews, Taylor & Francis Journals, vol. 20(3), pages 291-316, January.
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