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Planet Money Ep. 630 Free Parking discussion questions activity:
https://www.npr
Planet Money Ep. 630 Free Parking discussion questions activity:
https://www.npr.org/sections/money/2015/06/05/412240643/episode-630-free-parking
Complete the following questions to submit as reflection / notes (50 possible points).
What was Eric Meyer’s goals/aspirations in developing the Haystack app? (5 points)
Why did he become hated for the app? (5 points)
How would you categorize the good that is desired (city street parking): Is it rival/nonrival? Is it excludable/nonexcludable – explain your thinking using specifics from the podcast. (5 points)
What daily experience did Eric Meyer go through that made him develop the Haystack app? What budget item did some of his neighbors include in their monthly expenses? (5 points)
What was Eric’s genius idea to solve this problem? (5 points)
How did most people initially react to Eric’s idea? What angry responses did he get? (5 points)
What is the “tragedy of the commons”? How does it relate to city parking? (5 points)
What does Donald Shoup, author of The High Cost of Free Parking, say a solution is for the tragedy of the commons regarding city parking? (5 points)
How did opening Haystack go for Eric Meyer in Boston? (5 points)
What is your opinion of creating a market for public parking spaces, as Eric Meyer did? Explain your viewpoint. (5 points)
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