Why do we have so much congestion?
Roads get congested because they are free to use. This fact is the central concept to understanding traffic congestion. Without it, nothing else about congestion makes sense.When goods are underpriced, they are prone to shortages — in general, it is the...
How bad is traffic congestion for the economy?
A typical news story about traffic congestion might start something like this: “Once again Los Angeles is one of the most congested regions in the United States. Traffic congestion continues to exact a huge toll on our region’s economic vitality and qu...
Is there some way to reduce congestion without using pricing?
No. Pricing reduces congestion. Nothing else does. Pricing is a bitter pill — no one wants to pay for something they are accustomed to getting free — but it is the medicine that works.Cities have tried for decades to reduce congestion by adding new freew...
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