Keyword: commuting
Congestion Pricing (1/10/2007)
Road tolls that vary directly with congestion have reduced peak-hour traffic volume in Singapore and Stockholm by forcing commuters to internalize congestion cost.
Keywords: commons resource, commuting, congestion pricing, external cost, externality, Singapore, Stockholm, toll, traffic
The Tyranny of Small Decisions (8/13/1999)
Decisions that are small in size, time perspective, and in relation to their cumulative effect may lead to suboptimal resource allocation.
Keywords: airplane, alternatives, automobiles, cars, commuting, market failure, market imperfection, railroad, size, small decisions, time perspective, tyranny