In The High Cost of Free Parking (2005), Donald Shoup shows that, like freeways and free schooling, free parking isn’t cheap. The huge and often hidden costs, he argues, could be greatly reduced through a policy of radical decentralization, in which newly created local parking districts would use parking revenues to fund district improvements.
Daniel B. Klein is a Research Fellow at the Independent Institute and Professor of Economics at George Mason University.
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Other Independent Review articles by Daniel B. Klein
Spring 2023 Instilling Duties above Instilling Rights: Two Features of Adam Smith’s Talk of Justice and Liberty
Summer 2020 Adam Smith’s Rebuke of the Slave Trade, 1759
Winter 2017/18 The Joys of Yiddish and Economics
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