When a city requires on-site parking for all new housing, housing costs rise while the price of driving falls. This results in less housing and more driving. Minimum parking requirements are particularly troublesome for old, dense inner city neighborhoods. Many buildings constructed before World...

The political feasibility of using prices to mitigate congestion depends on who receives the toll revenue. We argue that congestion pricing on freeways will have the greatest chance of political success if the revenue is distributed to cities, and particularly to cities through which the...