Weimer & Vining, (2011),Policy Analysis: Concepts & Practice 5th Edition.

A construction project will close a major parking lot on your campus for the next three years. As a consequence, some people currently parking on campus for a nominal fee will no longer be able to obtain permits.

A member of the economics faculty has suggested raising the price substantially from $25 per year to $200 per year, so that the number of permits demanded at the higher price will equal the number available. This proposal would have to be approved by the transportation planning committee, which includes representatives from the faculty, the administration, unionized employees, and students.

Is the proposal plausible? What other actions would have an incentive to become involved?