Economics Department

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TITLE:
Spatial Competition between Parking Garages and Downtown Parking Policy

AUTHOR(S):
Richard Arnott, Boston College

DOCUMENT TYPE: Article

ABSTRACT:
This paper looks at parking policy in dense urban districts ("downtown"), where spatial competition between parking garages is a key feature. The paper has four parts. The first looks at the "parking garage operator's problem". The second derives the equilibrium in the parking garage market when there is no on-street parking, compares the equilibrium to the social optimum, and examines parking policy in this context. The third considers how the presence of on-street parking alters the analysis, and the fourth extends the analysis to include mass transit.