4 ms·
Tolls aren’t a market priced good. Treating them like one is just misusing the mechanism, with the net result being the people getting to use the road are chose
by ihm 9y ago
Tolls aren’t a market priced good. Treating them like one is just misusing the mechanism, with the net result being the people getting to use the road are chosen roughly to be the wealthiest people who want to.
There are other resource allocation schemes besides giving resources to the wealthiest, for example by giving resources to the least wealthy. Or, as I suggested elsewhere, giving “highway passes” away by random lottery to everyone (with win probability set so that the expected number of winners is the correct number of road users).
- londons_explore 9y agoWhy aren't they a market-priced good? It's a market with a fixed supply, but other markets like that work just fine. For example, the USA has a fixed amount of land, and that is sold at a market, and has settled on mostly reasonable rates.
- antisthenes 9y agoMarket rates for land in desirable place are anything but reasonable. I have no idea how you came to the conclusion you did, but in actual desirable places, land is unaffordable to all but the very wealthy.
- humanrebar 9y agoPrivate land sales happen between voluntary buyers and sellers. From that perspective, prices are fair.