Archive for the ‘tolls’ Category

Economics 101: How Driving Into Manhattan Costs $160

By John VoelckerJohn Voelcker, July 17th, 2009

The punch line: If you drive your car into Manhattan, adding to the traffic there causes thousands of little delays for all the other vehicles in the city. And the total value of those delays is $160.

Reuters blogger, commentator, and economist Felix Salmon cites that example from "Charles Komanoff’s absolutely astonishing Balanced Tranportation Analyzer — a 3.5 MB Excel spreadsheet [that]is the product of many years of research and...

It's Friday, which is our day for more esoteric items. Today's offering: A dense economics blog post, which covers an even more frighteningly complex model for assessing the costs of traffic in New York City. The punch line: If you drive your car into Manhattan, adding to the traffic there causes thousands of little delays for all the other vehicles in the city. And the total value of those delays is $160. Reuters blogger, commentator, and economist Felix Salmon cites that example from "Charles Komanoff’s absolutely astonishing Balanced Tranportation Analyzer — a 3.5 MB Excel spreadsheet [that]is the product of many years of research and... Read More

Tags: Economic, tolls, costs, model

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