What Would Coase Do? (About Parking Regulation)
27 Pages Posted: 30 Jun 2010
Date Written: June 30, 2010
Abstract
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.
Suggested Citation: Suggested Citation
Lewyn, Michael, What Would Coase Do? (About Parking Regulation) (June 30, 2010). Available at SSRN: https://ssrn.com/abstract=1632935 or http://dx.doi.org/10.2139/ssrn.1632935
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