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Regulación Económica Para La Tarifa De Parqueaderos En Bogotá Mediante Precios Máximos
[Economic Regulation For The Parking Fare In Bogota Trough Maximum Prices]

Author

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  • Perdomo Calvo, Jorge Andrés
  • Rubio Echeverri, Mariana

Abstract

The main objective of this study is to estimate the price cap through which the parking service fares should be regulated in Bogota, by means of the theoretical guidelines of the transportation economic theory and under the price fixation criterion. The results of this analysis are evinced based on primary information (surveys), non linear (Box-Cox) total production cost, and mathematics optimization (comparative statics). It is concluded that current price per minute is overestimated.

Suggested Citation

  • Perdomo Calvo, Jorge Andrés & Rubio Echeverri, Mariana, 2012. "Regulación Económica Para La Tarifa De Parqueaderos En Bogotá Mediante Precios Máximos [Economic Regulation For The Parking Fare In Bogota Trough Maximum Prices]," MPRA Paper 43891, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:43891
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    References listed on IDEAS

    as
    1. Perdomo Calvo, Jorge Andrés & Ramírez Orozco, Juan Andrés, 2011. "Análisis económico sobre el tamano óptimo del mercado y ubicación de estaciones de transferencia para el manejo de residuos sólidos en Colombia," Revista Lecturas de Economía, Universidad de Antioquia, CIE, November.
    2. Anderson, Simon P. & de Palma, Andre, 2004. "The economics of pricing parking," Journal of Urban Economics, Elsevier, vol. 55(1), pages 1-20, January.
    3. Jorge Perdomo, 2011. "A methodological proposal to estimate changes of residential property value: case study developed in Bogota," Applied Economics Letters, Taylor & Francis Journals, vol. 18(16), pages 1577-1581.
    4. Pierre-Philippe Combes & Miren Lafourcade, 2005. "Transport costs: measures, determinants, and regional policy implications for France," Journal of Economic Geography, Oxford University Press, vol. 5(3), pages 319-349, June.
    5. Shoup, Donald C., 1997. "The High Cost of Free Parking," University of California Transportation Center, Working Papers qt4vz087cc, University of California Transportation Center.
    6. Robert Loube, 1995. "Price Cap Regulation: Problems and Solutions," Land Economics, University of Wisconsin Press, vol. 71(3), pages 286-298.
    7. de Borger, Bruno & Kerstens, Kristiaan & Staat, Matthias, 2008. "Transit costs and cost efficiency: Bootstrapping non-parametric frontiers," Research in Transportation Economics, Elsevier, vol. 23(1), pages 53-64, January.
    8. Shoup, Donald C., 1997. "The High Cost of Free Parking," University of California Transportation Center, Working Papers qt25w617n7, University of California Transportation Center.
    9. David E.M. Sappington & David S. Sibley, 1992. "Strategic Nonlinear Pricing under Price-Cap Regulation," RAND Journal of Economics, The RAND Corporation, vol. 23(1), pages 1-19, Spring.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Perdomo Calvo, Jorge Andrés, 2014. "An Economics Approach to Fixing the Fare of the Parking Lot Service in Bogotá Using Price Cap Regulation," MPRA Paper 79614, University Library of Munich, Germany.

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    More about this item

    Keywords

    economic regulation; parking fare; Bogota; prices cap; total cost function; Box-Cox; comparative static;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise

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