Regulación Económica Para la Tarifa de Parqueaderos en Bogotá Mediante Precios Máximos (Economic Regulation for the Parking Fare in Bogota Through Maximum Prices)
Cuadernos de Economía, Vol. 31, No. 58, pp. 287-302, 2012
16 Pages Posted: 14 Feb 2013
Date Written: December 28, 2012
The main objective of this study is to estimate the price cap through which the parking service fares should be regulated in Bogota, by means of the theoretical guidelines of the transportation economic theory and under the price fixation criterion. The results of this analysis are evinced based on primary information (surveys), non linear (Box-Cox) total production cost, and mathematics optimization (comparative statics). It is concluded that current price per minute is overestimated.
Note: Downloadable document is in Spanish.
Keywords: Eeconomic regulation, parking fare, Bogota, prices cap, total cost function, Box-Cox, comparative static
JEL Classification: R41, R48, C81
Suggested Citation: Suggested Citation