At 05:14 PM 2/19/02 -0700, you wrote: >A fully floating tariff for parking meters that is entirely based on reducing >congestion may be "efficient", but it is a false efficiency. People want to >have a general idea when they get in their car to go somewhere as to how >much it >will cost to park. Refusing to provide this information to customers is not >efficient.
Why not let those who want to trade parking futures? By buying a parking future, you can assure yourself of the price ahead of time, as you wish. Others with more opportunities to make last minute parking decisions would wait to see the last minute price. And speculators could inform the futures prices. Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Asst. Prof. Economics, George Mason University MSN 1D3, Carow Hall, Fairfax VA 22030-4444 703-993-2326 FAX: 703-993-2323
