Comments on: The High Cost of Free Parking Chapters 10-14 https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/ Liberalizing cities | From the bottom up Fri, 14 Jan 2022 17:30:52 +0000 hourly 1 https://wordpress.org/?v=5.1.1 By: (schol https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-13818 Tue, 25 Feb 2014 13:51:05 +0000 http://www.marketurbanism.com/?p=3335#comment-13818 … [Trackback]

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]]> By: voyante en ligne https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-13755 Tue, 25 Feb 2014 10:08:46 +0000 http://www.marketurbanism.com/?p=3335#comment-13755 … [Trackback]

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]]> By: Free Parking is Not a Right | (pro(vo)cation) https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12598 Wed, 18 Jul 2012 12:46:30 +0000 http://www.marketurbanism.com/?p=3335#comment-12598 […] Urbanism recently continued its breakdown of the book The High Cost of Free Parking in a recent post that has some interesting […]

]]> By: awp https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12563 Thu, 12 Jul 2012 22:11:00 +0000 http://www.marketurbanism.com/?p=3335#comment-12563 Emily,
I would argue that the 85% occupancy rule is not a market price, because the quantity of parking spaces is not affected by the price. Show me a city that is selling the land for parking lanes at the net present value or buying extra R.O.W. for a parking lane at the same price and I might disagree with you about whether city governments can approach a market price for parking.

Govt.s do have an approximation of the profit loss incentive, see tiebout.

]]> By: Brandon Smith https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12552 Wed, 11 Jul 2012 12:47:00 +0000 http://www.marketurbanism.com/?p=3335#comment-12552 Yeah, that might be ahead of where you are in the book. It’s been awhile since I read it, but Shoup discusses how BIDs are the best recipient of parking revenue. I don’t remember if he discusses how much control over the land use BIDs should have, but he discusses how that creates a better incentive structure to make better use of parking and improve the surrounding area because they benefit directly from increasing revenue instead of just going into government coffers.

]]> By: Emily Washington https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12551 Tue, 10 Jul 2012 22:01:00 +0000 http://www.marketurbanism.com/?p=3335#comment-12551 No, because there isn’t a residual claimant; no one stands to profit. Is the discussion of BIDs in the book or somewhere else? I haven’t gotten to that yet. If street parking management was turned over to BIDs, ideally with the freedom to use the land for something other than parking, the incentive structure would be much better.

]]> By: Brandon Smith https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12549 Tue, 10 Jul 2012 16:25:00 +0000 http://www.marketurbanism.com/?p=3335#comment-12549 But if the municipality is relying on revenue from parking to fund some project, wouldn’t that lead to the profit loss incentive? Shoup discusses using the funds for BIDs. Doesn’t that create the incentive to maximize profits and efficiency?

]]> By: Emily Washington https://marketurbanism.com/2012/07/09/the-high-cost-of-free-parking-chapters-10-14/#comment-12548 Tue, 10 Jul 2012 15:58:00 +0000 http://www.marketurbanism.com/?p=3335#comment-12548 Because governments don’t have profit and loss incentives, they don’t have the information necessary to set a market price. There isn’t a profit and loss incentive in place to let them know over time if the 85% standard is the correct one.

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