The way congestion pricing seems to be working out in Manhattan, I think it may increase parking prices. Opposite what I, Matt Bruenig, the EA, and others expected.
Model: 2 types of drivers: (1) high value-of-time & (2) low VOT (eg, thru drivers from LI to NJ). Paid parkers, already paying ~$40 to drive to Manhattan, are predominantly Type 1.
Congestion pricing drives mostly Type 2 off the roads (what we see on Canal St). Time cost of driving falls. More Type 1 folks want to enter zone.
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