Items Tagged with

Pricing

Columbia Pike congestion

Highway congestion, America’s Soviet bread line problem, needs a price

How are America’s roadways like Soviet bread lines? Both are crowded and time-consuming because individuals aren’t paying the right value for the things they want. Congestion pricing offers a solution. In the middle of the 20th century, on both sides of the Iron Curtain, people saw healthy doses of propaganda about the material benefits that… Read more »

Arlington Looks to Avoid Parking “Tragedy of the Commons”

Parking isn’t something many people think about until it’s unavailable. Even city planners have historically considered parking somewhat of an afterthought. Cities are paying more attention to the resource lately, however, in part due to the influence of one book in particular: The High Cost of Free Parking, by UCLA professor and urban planner Donald Shoup…. Read more »

Drivers Willing to Pay to Use 495 Express Lanes

Every 15 minutes for the past nine months, an algorithm has been setting and resetting the price of the express lanes on I-495 in Virginia – part of the Washington D.C. Beltway – based on the number of cars using the lanes. When more cars enter the lanes, the toll rises, and when traffic density… Read more »