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The biggest externality cost in the United States by far is parking. Many cities have mandatory parking space requirements for businesses that impact not just n
by sedachv 12y ago
The biggest externality cost in the United States by far is parking. Many cities have mandatory parking space requirements for businesses that impact not just new developments but re-purposing of existing properties (ex: restaurants must provide so-and-so many free parking spaces per thousand square feet; you have to do this even if you're converting an existing property into a restaurant). This is a huge pain for a lot of people trying to open small businesses.
This is more of a zoning issue though (I think mandatory parking ordinances should be repealed and all parking should be privatized).