The Argument For Market-based Toll Roads

7 May 2004 - 5:00am

Two new technologies -- automated toll collection and market pricing for roadways -- make market-based toll systems even better at relieving traffic congestion.

Driving on the nation's highways has nearly doubled over the past two decades, while road capacity has increased only 5%. No wonder we're stuck in traffic. Yet we can cut down on congestion by building more roads and imposing tolls... This can work without broad taxes if the nation shifts to a market-based toll system, according to Reason's Robert Poole, writing in the May 10 issue of Forbes.

Source: Forbes, May 6, 2004
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