Parking and urban form

Jan K. Brueckner, Sofia F. Franco

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)

Abstract

This article analyzes the provision of residential parking in a monocentric city, with the ultimate goal of appraising the desirability and effects of regulations such as a minimum-parking requirement (MPR) per dwelling. The analysis considers three different regimes for provision of parking space: surface parking, underground parking, and structural parking, with the latter two regimes involving capital investment either in the form of an underground parking garage or an above-ground parking structure. Parking area is viewed as a dwelling attribute that, along with floor space, provides utility. In addition, road congestion in the neighborhood (which affects the commuting costs of local residents) depends on the average amount of off-street parking per dwelling, an externality that is ignored by profit-maximizing developers, making the equilibrium inefficient. The analysis explores the equilibrium spatial behavior of the two dwelling attributes as well as residential and parking structural density, and analysis of land rent shows which parking regimes are present in different parts of the city. Efficiency requires an increase in parking area per dwelling at each location, which can be achieved in a crude fashion by an MPR, whose effects are analyzed.

Original languageEnglish
Pages (from-to)95-127
Number of pages33
JournalJournal of Economic Geography
Volume17
Issue number1
DOIs
Publication statusPublished - 2017

Keywords

  • Minimum parking requirement
  • Parking
  • Underground parking

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