thomas

So, NYC’s congestion pricing achieved what it set out to do — reduce traffic congestion.

However I’d be interested in seeing a socioeconomic breakdown of who gave up roads for public transport, and whether one group is overly impacted.

I assume that (by definition) it’s people who are more sensitive to money than time, i.e., willing to leave home earlier and take public transit to avoid the fee. While time-poor but presumably cash-rich folks keep on driving and enjoy emptier roads.

Makes me wonder what the second-order impacts (on sleep time, stress level, family life, etc) are on people who have to make different arrangements to get to their place of employment.

The first empirical evaluation of New York's congestion pricing has just been published.

Spoiler: It worked really, really well🧵 https://t.co/Zgnh2HaI4M

Crémieux

So, NYC’s congestion pricing achieved what it set out to do — reduce traffic congestion.

However I’d be interested in seeing a socioeconomic breakdown of who gave up roads for public transport, and whether one group is overly impacted.

I assume that (by definition) it’s people who are more sensitive to money than time, i.e., willing to leave home earlier and take public transit to avoid the fee. While time-poor but presumably cash-rich folks keep on driving and enjoy emptier roads.

Makes me wonder what the second-order impacts (on sleep time, stress level, family life, etc) are on people who have to make different arrangements to get to their place of employment.

https://x.com/cremieuxrecueil/status/1902145952053338174

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

And a good proxy for that might be the MSRP of cars on the road now vs before

I can tell you, that you are spot on with secondary effects (having lived in D.C. that was my life)

Indeed. I thought of odd/even license plates too, but then remembered that where it’s been experimented with, rich people just buy two cars 🙃

This could be paired with car size and power restrictions like in Paris to mitigate the rich only driving effect.