ABSTRACT
It is often claimed that the average car is only driven for approximately 10% of the time – for the remainder, it is parked. On the basis of the transport economics literature, however, you might well be excused for thinking precisely the opposite. The bulk of the literature examines policies targeted at the use of the car: for example, congestion pricing scheme influencing the timing of a trip, or the route or mode chosen. Only a handful of papers consider the economics of parking, either as a direct policy objective or as a means to reducing urban congestion or air pollution.
