
handle: 10419/110819
This article analyzes the provision of residential parking in a monocentric city, with the ultimate goal of appraising the desirability and effects of regulations such as a minimum-parking requirement (MPR) per dwelling. The analysis considers three different regimes for provision of parking space: surface parking, underground parking, and structural parking, with the latter two regimes involving capital investment either in the form of an underground parking garage or an above-ground parking structure. Parking area is viewed as a dwelling attribute that, along with floor space, provides utility. In addition, road congestion in the neighborhood (which affects the commuting costs of local residents) depends on the average amount of off-street parking per dwelling, an externality that is ignored by profit-maximizing developers, making the equilibrium inefficient. The analysis explores the equilibrium spatial behavior of the two dwelling attributes as well as residential and parking structural density, and analysis of land rent shows which parking regimes are present in different parts of the city. Efficiency requires an increase in parking area per dwelling at each location, which can be achieved in a crude fashion by an MPR, whose effects are analyzed.
R41, ddc:330, parking, congestion, R14, minimum parking requirement, parking, congestion, minimum parking requirement, jel: jel:R41, jel: jel:R14
R41, ddc:330, parking, congestion, R14, minimum parking requirement, parking, congestion, minimum parking requirement, jel: jel:R41, jel: jel:R14
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 21 | |
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| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Top 10% | |
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