Should there be a market in streets and parking spaces?

Alex Tabarrok posted the following yesterday on Marginal Revolution:

Here from Alain Bertaud and the Urbanization Project is another way of thinking not just about the high cost of free parking but also the opportunity cost of streets. In New York City, a place with some of the most valuable real estate in the world, 26.6% of the land is devoted to unpriced streets (and an even larger percentage once we include parking). In Manhattan we go to great expense and effort to make it possible for hundreds of people to use the same 10*10 square feet of land, we build skyscrapers, and yet at the same time similar quantities of land are being taken up by a few people and their cars.

NYC land use 1 Hat tip: Brandon Fuller.

– See more at: http://marginalrevolution.com/marginalrevolution/2013/07/the-opportunity-cost-of-streets.html#sthash.3t9mw4yd.dpuf

My question, however, is this:

Since streets are a public good, should we expect  governments to provide too many streets or too few?

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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1 Response to Should there be a market in streets and parking spaces?

  1. Pingback: Hidden ‘cost’ of Opportunity Cost | theMarketSoul ©1999 - 2013

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