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A counterexample: Las Vegas. All the casinos on the Strip have big parking garages that are free and don't fill up. Perhaps it's possible only when the margin
by T-hawk 12y ago
A counterexample: Las Vegas. All the casinos on the Strip have big parking garages that are free and don't fill up.
Perhaps it's possible only when the margins of a business are as spectacularly high as those of Vegas casinos, so that the parking facility as a loss leader is still net profitable overall. There's also the invisible hand of capitalism, as casinos compete in the market of convenience: a casino without such a facility will lose market share to those that do.
- toomuchtodo 12y ago> Perhaps it's possible only when the margins of a business are as spectacularly high as those of Vegas casinos, so that the parking facility as a loss leader is still net profitable overall. There's also the invisible hand of capitalism, as casinos compete in the market of convenience: a casino without such a facility will lose market share to those that do. Or land is so cheap because you're in the middle of nowhere.