#economic instruments

[worldstreeets]

William Vickerey: On Principles of Efficient Congestion Pricing

William Vickerey: On Principles of Efficient Congestion Pricing

William Spenser Vickerey, winner of the Nobel Prize for Economics, is considered the father of Congestion Pricing. He first proposed it in 1952, for the New York City subway system, recommending that fares be increased in peak times and in high-traffic sections and be lowered in others. Elected officials considered it risky at the time, and the technology was not ready. Later, he made a similar…

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[worldstreeets]

Free Public Transport? Hmm, are you quite sure?

Free Public Transport? Hmm, are you quite sure?

Anything missing?

There are a good number of proponents around the world — politicians and activists for the most part —  supporting the idea that public transport should be free. It certainly is a tempting idea on a number of grounds. And if we here at World Streets have  our own thoughts on the subject (stay tuned),  it is always good practice to check out both sides of the issues. to get the…

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[worldstreeets]

Op-ed: Morten Lange (Iceland) in response to Free Public Transport?

Op-ed: Morten Lange (Iceland) in response to Free Public Transport?

Hello Eric, Thanks for forwarding the short reply by Lloyd Wright on Free Public Transit to the list.  It made me think: Hmm possibly that is a strong, valid point.  Here are some rough, somewhat wide-ranging and unstructured thoughts:

Like so many issues I feel that this one could benefit from a structured presentation perhaps in the form of a matrix or a similar arrangement to provide an…

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[worldstreeets]

Op-ed: LLoyd Wright In Response to Free Public Transport?

Op-ed: LLoyd Wright In Response to Free Public Transport?

Following up on Simon Norton comments here of 2016/08/07

“Public Space” is generally mostly free. This includes footpaths, parks, and town squares. If one advocates charging for public transport, it would seem most of the same arguments would apply to public space. And yet few would actually support such a position, principally on grounds of equity.

There are also ways to make public transport…

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[worldstreeets]

Op-ed: In Response to Free Public Transport?

Op-ed: In Response to Free Public Transport?

Simon Norton comments: Submitted on 2016/08/07

There are 2 overriding arguments for free transport:

It avoids the cost (in both person power and time) of fare collection. The latter is particularly relevant when a bus has to spend ages at bus stops collecting fares from boarding passengers. Then motorists demand that the bus pulls into a layby so that they can get past, and the bus has to waste…

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[worldstreeets]

Free Public Transport? Hmm, are you quite sure?

Free Public Transport? Hmm, are you quite sure?

                                                                        Anything missing?

There are a good number of proponents around the world — politicians and activists for the most part —  supporting the idea that public transport should be free. It certainly is a tempting idea on a number of grounds. And if we here at World Streets have  our own thoughts on the subject (stay tuned),  it is…

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[worldstreeets]

Paradigm Shift for Public Transport in Kuala Lumpur (A lot more to it than that)

Paradigm Shift for Public Transport in Kuala Lumpur (A lot more to it than that)

Bangkok Skytrain: Note the huge investment in public transport to solve the problem. Oops!

Public transport in Kuala Lumpur: A paradigm shift

First extracts:

“MAY 19 — The Malaysian Government has established an objective of improving public transport in urban areas around the country as a core to stimulate economic growth and relieve traffic congestion. In order to achieve the stated objectives,…

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