The Ideal Source of Local Public Revenue

Donald C. Shoup

University of California Transportation Center, Working Papers from University of California Transportation Center

Abstract: 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.

Keywords: Parking; Local government revenue; Land value taxation; Social and Behavioral Sciences (search for similar items in EconPapers)
Date: 2004-05-01
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Citations: View citations in EconPapers (20)

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