1)The City of Norfolk, like many others, has parking meters.During certain hours, one must pay to park in the downtown area.

(a)If there were no parking meters, then how would the free parking spaces be used?Would this produce a situation better or worse than one with meters?

(b)Suppose there were no parking meters, but one could park for only two hours in a given spot.Would this make things better or worse off?How and why?

(c)The City has constructed several parking garages.One must pay to utilize a spot in these garages.Who should pay for the construction and operation of these garages?(Think carefully about the distribution of both costs and benefits.)

(d)Who should pay for parking enforcement?(Cost and benefits again.)