Free parking for all in shopping malls

Hasker, Kevin and İnci, Eren (2012) Free parking for all in shopping malls. [Working Paper / Technical Report] Sabanci University ID:SU_FASS_2010/0004

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We show why a shopping mall prefers to provide parking for free and embed the parking costs in the prices of the goods. This holds if the mall has monopoly power or prices competitively; if there is parking validation or a trade-off between shopping and parking spaces. It is also the second-best social optimum. Generally, the equilibrium lot size is too small, yielding a rationale for minimum parking requirements. In urban malls, parking fees may be positive because individuals can use the lot without intending to shop, and lots may become too large because of the trade-off between shopping and parking spaces.the trade-off between lot size and shopping space.

Item Type:Working Paper / Technical Report
Uncontrolled Keywords:land use; lot size; parking fee; parking requirements; shopping mall
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD0101-1395.5 Land use
ID Code:18809
Deposited By:Eren İnci
Deposited On:24 Jan 2012 16:07
Last Modified:31 Jul 2019 10:12

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