Synook

Spot Pricing

the-magazine.org

Imagine your city passes a law requiring that all hotels in town, from the fleabag on Mediterranean Avenue to the Four Seasons on Boardwalk, charge $100 a night. You don’t have to be an economist to know what will happen: the best hotels will be booked to capacity every night, and no one will ever stay at the CheapSleep.

No city price-fixes its hotels, but plenty make the same mistake with curbside parking spaces. Make them all the same price, and you’ll never get a spot on chichi Hayes Street unless you drive around (and around, and around) waiting for one to open up.

A promising method of reducing parking prices and increasing availability in San Francisco. Fixed meter pricing (at least here in Melbourne) is getting ridiculously high.