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

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Precisely, I’m skeptical of the casual handwaving implied with “unnecessary” driving — I don’t imagine anyone casually driving into NYC at rush hour who doesn’t need to.

They’re still going —just not by car— and this has implications that aren’t surfaced in this analysis.

💯% would like to see that.

I did see it dissuade "some" unnecessary driving,

Then... Tertiary effect... DoorDashing etc will increase their prices because drivers have to pay which all goes back to the consumer even if they are not the ones on the road.

Wonder if Uber data would be useful for this if Uber passed on the fees. UberPool/X vs UberBlacks