Parking meters may yield little or no net revenue
Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”
Expert
Even parking meters that charge, say, 25 cents an hour do perform a useful parking-spot-rationing function: the car owner must either move the car when the hour is up or rush out to feed the meter to avoid getting a ticket. It is not money or ration coupons that ration the parking space but the timing device on the meter in this case.
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