The Only Hope for Reducing Traffic | Sustainable Futures |
A new study makes the fundamental case for congestion pricing...

In 1962, transportation researcher Anthony Downs suggested that U.S. cities suffered from a fundamental law of highway congestion: "This Law states that on urban commuter expressways, peak-hour traffic congestion rises to meet maximum capacity." What was the case half a century ago remains true today. Except worse. In a research paper published in this month's American Economic Review, a pair of economists from the University of Toronto confirm the fundamental law of highway congestion, but argue it doesn't go far enough. 

Via Lauren Moss