
PARKING: How It Explains the World
The Next Big Idea
00:00
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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