Prices affect parking less than San Francisco expected, in its ongoing SFPark experiment, fully implementing dynamic parking prices with target occupancy rates. Apparently people are willing to pay quite a bit more to be right next to their destination, instead of even one block away. Either that, or they don’t realize how much parking prices vary block by block. Perhaps each of the parking kiosks should have a prominent street-facing display, readable by drivers, advertizing the price they charge per hour?
Parking Price Elasticity in San Francisco
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