Free parking for all in shopping malls
Hasker, Kevin and İnci, Eren (2013) Free parking for all in shopping malls. (Accepted/In Press)
Full text not available from this repository.
We show why a mall provides parking for free and embed the parking costs in the prices of the goods. Essentially, charging a parking fee to risk-averse customers means penalizing them for not finding their desired good. This result holds whether the mall has monopoly power or prices competitively; if there is parking validation; if there is a trade-off between shopping and parking spaces. It is also the attainable social optimum. The equilibrium lot size is too small, yielding a rationale for minimum parking requirements. However, parking fees may be positive and lots may be too large in urban malls.
Available Versions of this Item
Repository Staff Only: item control page