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PARKING: How It Explains the World

The Next Big Idea

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The High Cost of Free Parking

In San Francisco, parking meters raised prices by 25 cents if the block was more than 80% full. Parking tickets fell by 23%. The time people spent looking for parking fell by close to 50%. Double parking dropped by 22%. It strikes me that this is a classic case of using market pricing to much more efficiently move cars through space.

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