Determinants of Parking Fees on College Campuses

The price of parking has recently been a hot topic around the Murray area, especially among the college students. Due to the drastic increase in parking pass prices there has been an abundant amount of discussion surrounding this idea of parking being a public good. Many individuals have been outraged which has brought up the questions of why there is a price tag on something that many people consider a public good. With that being said, this paper is going to take a deeper look into parking specifically pertaining to college campuses but also in the cities surrounding these institutions. All in all, the goal of this research will be to try and answer the question of, what determines the price of parking on a college campus. While conducting the research there will be a variable that will account for the different types of institutions such as 2-year degrees, 4-year degrees, public and private. There will also be some attention directed towards the location of the university, the amount of parking that is available, and what the average walking distance a student may have. These variables will enable the discussion to encompass a wide variety of institution types rather than just those similar to Murray State