The Panel: Dr Eric Crampton on pricing street parking to fix the intensification squeeze
Dr Eric Crampton talked to Wallace Chapman on RNZ's The Panel about the growing problem of on-street parking in intensifying suburbs, arguing that free street parking is poorly managed and creates perverse incentives for townhouse buyers to forgo on-site car parks. Dr Crampton proposed tradable resident parking passes as a market-based solution, giving existing homeowners something valuable they can sell to newcomers while better managing scarce street space. Read more
