What Would Coase Do? (About Parking Regulation)
Touro College - Jacob D. Fuchsberg Law Center
June 30, 2010
Like many government regulations, municipal minimum parking requirements exist to prevent externalities - most notably the congestion, pollution and greenhouse gas emissions that occur when motorists drive around a city searching for scarce parking. But because such regulations make parking (and thus driving) cheaper, such regulations may in fact increase congestion and pollution, thus creating, rather than reducing, externalities.
Number of Pages in PDF File: 27working papers series
Date posted: June 30, 2010
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