San Francisco’s New Parking System Sets Prices Based On Supply And Demand

San Francisco’s New Parking System Sets Prices Based On Supply And Demand
Innovation

A new parking system works on the classic economic principle of Demand and Supply.

Naresh Kumar
  • 5 august 2010

The city of San Francisco is testing a parking system that will adjust the price of parking spaces based on their demand at that moment. The system uses electronic sensors to measure the call for parking slots in real time, and prices them accordingly. So lots of empty parking spaces means you can pay as low as 25 cents an hour, while those looking to park when space is at a premium will have to shell out $6 an hour.

Access this article for free
Fill in your email below and you'll gain access to this article while also receiving a number of membership features as part of a special 30-day trial.
*Already a member? Log in here

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.