For each new structure, UCLA makes up the difference between its high cost and the low price
charged for parking in it by raising the prices charged for all other parking spaces on campus.
Because the marginal cost of adding to the parking supply is so far above the average cost for the
entire system, each addition to the parking supply sharply drives up this average cost. Every time a
new parking structure comes on line, the price of all permits jumps (see Figure 2).12