Any economist can see immediately how bundling a \u0027free\u0027 parking space with an apartment or a job might be inefficient
Shoup started out trying to fit parking spaces into the Georgist picture, but the boring topic was so underexamined that he found himself having to build a general theory of parking. He quantified the relationship between parking and traffic, finding that people “cruising” for parking spots were more destructive than anyone had imagined, and he inspired waves of research into the hidden market values of parking spots, which are rarely bought or sold in their own right.
This proved to be true of Edmonton’s parking minimums when the city administration was first exposed to the Shoupista bug about a decade ago. The original rationale for having any parking minimums at all, but the guidelines had still grown zany Hydra-heads. There was a formula specifically for curling clubs, for example, based on how many sheets they operated.
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