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It's a scarce good, which loses most of its value if overused. The standard Econ solution is to set a price that maximizes throughput. At least some toll roads
by BurningFrog 10mo ago
It's a scarce good, which loses most of its value if overused.
The standard Econ solution is to set a price that maximizes throughput. At least some toll roads are attempting to hit that price.
- SR2Z 10mo agoIn the US, toll roads are required by law to maintain a certain minimum speed. The price is set based on that.
- loeg 10mo agoWhat law?
- SR2Z 10mo agoI suppose "regulation" would be more accurate, and it only applies to HOV lanes that receive funding from a specific source: https://ops.fhwa.dot.gov/freewaymgmt/hovguidance/chapter4.htm https://ops.fhwa.dot.gov/freewaymgmt/hovguidance/chapter4.ht... This covers pretty much all of the lanes that people complain about so I'll stand by what I said.