Comments on: Chicago Privatizes Parking Meters https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/ Liberalizing cities | From the bottom up Fri, 14 Jan 2022 17:30:52 +0000 hourly 1 https://wordpress.org/?v=5.1.1 By: Market Urbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-2882 Thu, 04 Dec 2008 22:15:22 +0000 http://www.marketurbanism.com/?p=569#comment-2882 Yes. However, I see most cities as too large an entity to properly account for the value added or lost by its micro-level decisions. This is why I think Dave Reid’s suggestion would be reasonable, if done at a more local level.

Otherwise, local knowledge is not properly dispersed in a way that would benefit each local place.

]]> By: MarketUrbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-8727 Thu, 04 Dec 2008 22:15:00 +0000 http://www.marketurbanism.com/?p=569#comment-8727 Yes. However, I see most cities as too large an entity to properly account for the value added or lost by its micro-level decisions. This is why I think Dave Reid’s suggestion would be reasonable, if done at a more local level.

Otherwise, local knowledge is not properly dispersed in a way that would benefit each local place.

]]> By: mhelie https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-2881 Thu, 04 Dec 2008 22:06:19 +0000 http://www.marketurbanism.com/?p=569#comment-2881 You don’t need to create such an association, or BID, or some such. The city as a whole already is a marketplace.

]]> By: mhelie https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-8726 Thu, 04 Dec 2008 22:06:00 +0000 http://www.marketurbanism.com/?p=569#comment-8726 You don’t need to create such an association, or BID, or some such. The city as a whole already is a marketplace.

]]> By: Market Urbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-2880 Thu, 04 Dec 2008 21:36:16 +0000 http://www.marketurbanism.com/?p=569#comment-2880 Good point.

An association, BID, or could be formed to accomplish that if roads and parking were privatized. Places would likely consolidate to compete with other places like shopping centers do. This would enable the entities to internalize externalities as shopping centers do.

]]> By: MarketUrbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-8723 Thu, 04 Dec 2008 21:36:00 +0000 http://www.marketurbanism.com/?p=569#comment-8723 Good point.

An association, BID, or could be formed to accomplish that if roads and parking were privatized. Places would likely consolidate to compete with other places like shopping centers do. This would enable the entities to internalize externalities as shopping centers do.

]]> By: MarketUrbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-8724 Thu, 04 Dec 2008 21:36:00 +0000 http://www.marketurbanism.com/?p=569#comment-8724 Good point.

An association, BID, or could be formed to accomplish that if roads and parking were privatized. Places would likely consolidate to compete with other places like shopping centers do. This would enable the entities to internalize externalities as shopping centers do.

]]> By: MarketUrbanism https://marketurbanism.com/2008/12/02/chicago-privatizes-parking-meters/#comment-8725 Thu, 04 Dec 2008 21:36:00 +0000 http://www.marketurbanism.com/?p=569#comment-8725 Good point.

An association, BID, or could be formed to accomplish that if roads and parking were privatized. Places would likely consolidate to compete with other places like shopping centers do. This would enable the entities to internalize externalities as shopping centers do.

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