Residential Parking in Vibrant City Districts

Inga Molenda and Gernot Sieg

VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order from Verein für Socialpolitik / German Economic Association

Abstract: 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.

JEL-codes: D61 R41 R48 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Journal Article: Residential parking in vibrant city districts (2013)
Working Paper: Residential Parking in Vibrant City Districts (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc13:79933

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