Parking and Urban Form

40 Pages Posted: 7 May 2015

See all articles by Jan K. Brueckner

Jan K. Brueckner

University of California, Irvine - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Sofia F. Franco

Technical University of Lisbon (UTL) - Research Unit on Complexity and Economics (UECE); Nova School of Business and Economics

Date Written: April 30, 2015

Abstract

This paper 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.

Keywords: parking, congestion, minimum parking requirement

JEL Classification: R140, R410

Suggested Citation

Brueckner, Jan K. and Franco, Sofia F., Parking and Urban Form (April 30, 2015). Available at SSRN: https://ssrn.com/abstract=2603570 or http://dx.doi.org/10.2139/ssrn.2603570

Jan K. Brueckner (Contact Author)

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Sofia F. Franco

Technical University of Lisbon (UTL) - Research Unit on Complexity and Economics (UECE) ( email )

Rua Miguel Lupi, 20
Lisbon, 1200-781
Portugal
+351-213 925 912 (Phone)
+351-213 971 196 (Fax)

HOME PAGE: http://www.iseg.utl.pt/~uece/

Nova School of Business and Economics ( email )

Campus de Campolide
Lisbon, 1099-032
Portugal

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