Reducing Traffic and Improving Communities with Congestion Pricing

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Justin Bean

Stakeholder benefits and issues surrounding the implementation of congestion pricing for San Francisco drivers.

News & Politics Technology

CONGESTION PRICING IN SAN FRANCISCO THE TRAILBLAZERS: Justin Bean Kate Drane Jacob Blackshear Jenn Coyle Tim McLaughlin

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Successful Examples Stockholm Rome Singapore

Successful Examples Stockholm Rome Singapore London

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Stakeholders Government Business City Residents Special Interest Groups Out-of-town commuters Ecosystem CONGESTION PRICING

Power and Interest Power Interest Commuters City Residents Environment Business Government Special Interest Groups

Effects on Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Government ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Communities ,[object Object],[object Object],[object Object],[object Object],[object Object]

Commuters ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits for San Francisco ,[object Object],[object Object],[object Object],[object Object]

Congestion Pricing is: ,[object Object],[object Object]

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1. INTRODUCTION We’ve just learned that within the world of perfect markets, everything is for the simplest. we all know that perfect markets are completely efficient, delivering outcomes that are flawless in every respect except distribution. Economies that employ smoothly because they're filled with perfect markets are neither interesting nor realistic. But because perfect markets provide such a transparent benchmark, economists find it much easier to start from them and compute what's going wrong, rather than start from scratch and compute what's going right. And this method of brooding about the planet will lead us to the cure for crosstown traffic. 2. BRIEF OF CHAPTER Crosstown traffic is all about externalities, so an externality is a third party cost and there can be positive externalities and also negative externalities and negative externality would be traffic and this is the example where he also uses in this chapter. So externality is a type of market failure and market failure can also be caused by asymmetric information which is where are party has more information than another party in a transaction so usually the seller has more information than the buyer does. He used the example of traffic and the idea of externality charges, but externality is hard to measure as well and he touches on that. He also looks at the idea of pollution and trade permits .which incentivizes companies to find cleaner ways of producing what they were producing before.

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