Publication
Title
The political economy of pricing car access to downtown commercial districts
Author
Abstract
We study the political economy of pricing access to downtown commercial districts, using curbside parking fees as the main example. A spatial equilibrium model is embedded in a political economy framework in which special interest groups (urban and suburban retailers, local residents) lobby the city government. We have the following results. If downtown and suburban stores sell a homogeneous good, the local government underprices downtown parking if suburban stores operate with low enough markups. If goods are heterogeneous and some consumers engage in multiple-stop shopping (i.e., shop both downtown and in the suburbs), suburban stores will not lobby at all; lobbying by downtown retailers leads to parking fees below the social optimum. Furthermore, local residents do not necessarily lobby for high parking fees on downtown shoppers. If a decline in urban stores leads to negative externalities (urban blight) they may join forces with downtown retailers and lobby against high parking fees on shoppers. (C) 2016 Elsevier Ltd. All rights reserved.
Language
English
Source (journal)
Transportation research : part B : methodological. - Oxford
Publication
Oxford : 2017
ISSN
0191-2615
Volume/pages
98 (2017) , p. 76-93
ISI
000400037700005
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 02.08.2018
Last edited 20.09.2021
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