Original release date: May 4, 2011
Dr. David Porter was one of the professors tasked with solving Chapman University's parking gridlock. He told an audience at Reason Foundation's annual Reason Weekend what his solution was: Auction off the spaces.
Porter is a professor of economics and mathematics at Chapman University and the Donna and David Janes Endowed Chair in Experimental Economics.
He says that the parking problem is a lot more complicated than letting price solve supply and demand.
"Well, supply and demand [is] not something that is static here. It's throughout the day. So the prices have to change throughout the day," says Porter.
Topics include: Dutch auctions; busy parking time for students; and complaints from faculty.
Approximately 24:00 minutes-long.
Filmed by Alex Manning and Paul Detrick; Edited by Detrick.