Traffic Congestion—Costs, Pricing, and You
Lecture no. 4 from the course: Unexpected Economics
Taught by Professor Timothy Taylor | 28 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Can economic analysis do anything about traffic? This free-wheeling examination of the choices that produce both the problem and solution reveals an example of the "tragedy of the commons" and looks at how the city of London addressed the issue with a strategy of "congestion pricing."