Off-Street Parking Policy without Parking Requirements: A Need for Market Fostering and Regulation

Transport Reviews, Vol. 30, No. 5, pp. 571-588, September 2010

Lee Kuan Yew School of Public Policy Research Paper No. PP10-14

Posted: 7 Mar 2011

See all articles by Paul A. Barter

Paul A. Barter

National University of Singapore (NUS) - Lee Kuan Yew School of Public Policy

Date Written: September 2010

Abstract

This paper addresses and extends upon the recent upsurge of interest in market-oriented reform of parking policy, which has been reinvigorated by the work of Donald Shoup. His market-oriented approach to parking policy is shown to be the more ambitious of two distinct challenges to the conventional supply-focused approach. The other is 'parking management'. However, off-street parking markets and their post-reform dynamics have been neglected so far in proposals to deregulate the quantity of off-street parking. The paper highlights additional barriers to the emergence of off-street parking markets and several likely problems within them. Rather than suggesting the rejection of market-oriented parking policy, these findings are taken to imply a need for a more vigorous policy effort than has so far been called for. Achieving well-functioning off-street parking markets would require efforts both to actively foster such markets and to regulate to ensure their health. Deregulation would not be enough.

Suggested Citation

Barter, Paul A., Off-Street Parking Policy without Parking Requirements: A Need for Market Fostering and Regulation (September 2010). Transport Reviews, Vol. 30, No. 5, pp. 571-588, September 2010 , Lee Kuan Yew School of Public Policy Research Paper No. PP10-14, Available at SSRN: https://ssrn.com/abstract=1779836

Paul A. Barter (Contact Author)

National University of Singapore (NUS) - Lee Kuan Yew School of Public Policy ( email )

Singapore 117591
Singapore

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