This model assumes hiigh availability of spaces - and that's not what I see very often outside the wide open spaces of America. A better model would include tim

This model assumes hiigh availability of spaces - and that's not what I see very often outside the wide open spaces of America. A better model would include time to find a free parking space. Searching and queuing time can quickly dominate under high utilization. Taking the first available space is very far from "meek" when you have to struggle to get it.