Auction app connects drivers leaving a spot with those seeking one

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Parking can be problematic in any urban area, but in cities like New York and Los Angeles, the frustration — and volume of waste emissions — continues to reach new heights. In a study of one part of Brooklyn, for example, drivers in search of a parking spot accounted for a full 45 percent of city traffic; in another on the Upper West Side, it was found that people drive some 366,000 miles each year looking for a place to park. So notes Parking Auction, a New York company that uses an auction model to help solve the problem.

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