As part of PERC's Free Market Environmentalism Workshop, "Financial Contracting, Transaction Costs, and Environmental Amenities," Dr. Richard Geddes of Cornell University presents on congestion pricing.
Traffic congestion is a huge problem, but building more roads only compounds the problem. University of Toronto Professor Matt Turner says studies show that mass transit also is not panacea. Perhaps it is time to try the market with congestion pricing.
Matthew Turner 11/01/2011
New roads create more demand for driving
From interview with Professor Matt Turner Get ready for "Carmageddon:" Los Angeles will close one of its main freeways, Interstate 405, for 53 hours, starting Friday night and running through Monday morning.