ABSTRACT
Road pricing offers a direct method to regulate the demand for highways. Traffic congestion and air pollution can be reduced dramatically at the lowest cost to society using road pricing techniques. Parking pricing has received much more air time in national debates on transportation policy for somewhat mysterious reasons. Apartment renters are required a bit more often to pay for their use of residential parking spaces on a strictly voluntary basis. Of course, ali renters pay for the parking they use one way or another, just as do homeowners. Contemporary parking requirements almost universally require more than adequate on site provision of parking. One might assume that parking is a basic necessity, like ninning water, sewer connections, the generation of alternating electric current, built-in insulation, and police or fire protection. Parking requirements vary by type of land use. Residential, office, and industrial developments generate fewer daily trips per acre or per square foot than do comparable commercial developments.
