4 ms·
Well - ignoring the fact that city maintained street parking is a public resource - I believe you are ignoring the cost of time (of the person searching for par
by curmudgeon224 12y ago
Well - ignoring the fact that city maintained street parking is a public resource - I believe you are ignoring the cost of time (of the person searching for parking) in your analysis which, in effect, creates a perfect market equilibrium....or something.
- jasonisalive 12y agoA scarce resource is a scarce resource. It doesn't matter what intentions it was made with, or what rhetoric is used to justify a clearly defective pricing strategy.
- judk 12y agotime spent looking for parking is waste, aka deadweigt lost. Better to transfer money (zero sum) than waste time (negative sum)