Economics of Handicapped Parking
I have several problems with handicapped parking:
1. Too many people get handicapped parking permits who probably shouldn't qualify. Notice in the sign above, it shows a picture of a WHEELCHAIR. How many people do you see parking in handicapped parking spaces who actually get out of their vehicle in a wheelchair? Almost none. If we restricted handicapped parking to people in wheelchairs, we would need only a fraction of the currently available handicapped spaces.
2. Most parking lots have WAY too many parking spaces allocated for handicapped parking, resulting in an extremely inefficient allocation of the most valuable real estate of any parking lot. I don't know this for sure, but I suspect this is because of government mandates.
For example, I just left a parking lot at the University of Michigan, Flint campus, near the center of campus, representing some of the most valued parking spaces on campus. There are 20 handicapped parking spaces in that lot, and ALL 20 of the parking spaces were VACANT as I left campus at about 8 p.m. I'll have to check that lot during the day, but my initial impression is that the university has OVER ALLOCATED handicapped parking spaces. I don't think there would ever be any cases when ALL 20 spaces would be used.
I'm not sure what a pure private market solution to handicapped parking would look like, but I'm pretty sure it would be more efficient than the current situation. After all, private companies like airlines figure out how to accommodate handicapped travelers using market pricing, without any of the inefficiencies (lots of unsold seats) of handicapped parking.
A couple of solutions come to mind:
1. A football stadium, university or Wal-Mart could provide shuttle service to handicapped drivers from remote lots, instead of reserving prime parking spaces that go unused much of the time.
2. Couldn't a stadium, university, or Wal-Mart be allowed to dynamically adjust the number of handicapped parking spaces over time (daily, weekly, monthly) to meet the actual demand, instead of allocating spaces based on some government-imposed formula?
I couldn't find much about the "economics of handicapped parking," but here is one article from the Mises Institute.