First in the nation for gridlock, Washington, D.C. has a #1 award that no one wants. During 2014, D.C.’s average rush hour driver lost 82 hours in congestion. Think 10 years and you’ve used up a month. While traffic jams create…
Whether disappointed because MGM will now charge up to $10 for Las Vegas parking or happy to get free shipping, we know that the cost of free stuff is high.
Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.
NYC has lots of cheap parking spaces. The result? I (and many like me) have circled blocks, added to greenhouse gases, used precious hours and exacerbated congestion, all to find an empty muni-meter or free spot. As UCLA Professor Donald Shoup has said through…
Parking expert Professor Donald Shoup has identified a traffic problem with implicatons far beyond city streets. Essentially he says that cheap city parking is really rather expensive. Throughout parts of NYC, for example, drivers can select meters that might require…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
