Residential parking in vibrant city districts

Inga Molenda and Gernot Sieg

Economics of Transportation, 2013, vol. 2, issue 4, 131-139

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.

Keywords: Residential parking; Urban vitality; Love of variety; Local decision-making (search for similar items in EconPapers)
JEL-codes: D61 D72 R41 R48 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Related works:
Working Paper: 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:eee:ecotra:v:2:y:2013:i:4:p:131-139

DOI: 10.1016/j.ecotra.2014.02.002

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