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All Opinions Are Local
Posted at 02:12 PM ET, 05/16/2011

The free-parking paradox


I’ve been thinking about parking a lot since I listened to some very smart people discussing it on the Kojo Nnamdi Show the other day. I think Donald Schoup’s argument against free parking is, economically speaking, very compelling. Yet, no matter how well articulated, you just can’t convince people that getting rid of free parking is anything other than the worst idea in the world. What gives?

City parking is a lot like playing the lottery. It’s a loser’s game, for the most part. But occasionally, if you play enough, you win, and winning the parking lottery sure feels good. I don’t think that people misjudge the value of good street parking spaces. They know they’re highly valuable, and that’s why it’s so exciting to get one. It’s one of the few opportunities in life to truly get something for nothing.

[Continue reading Rob Pitingolo’s post at Extraordinary Observations.]

Rob Pitingolo blogs at Extraordinary Observations. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.

By  |  02:12 PM ET, 05/16/2011

 
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