The new economics of parking

The economics of parking is an equation made up of traffic management, revenue generation and emotion, suggest John?Bates and David Leibling

In reality, most drivers do not pay for parking!

In reality, most drivers do not pay for parking!

Paying for parking is an emotive subject, as motorists feel that they should not pay for parking on the street, it being seen as common property for which they have already paid through taxation. Furthermore, paying for parking is a nuisance, involving either finding small change for machines or paying by credit card over the phone. Nevertheless, personal expenditure on parking is actually very low. Total local authority revenue from parking in England works out at about £60 per year per...

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