Posts Tagged ‘Giffen Goods’

  • Price Elasticity, dynamic pricing and traffic congestion

    How Much Will You Pay For the HOT Lane?

    Mar 7, 14 • 190 Views • Behavioral Economics, Demand, Supply, and Markets, Lifestyle, Regulation, Thinking EconomicallyNo Comments

    The results of dynamic tolling appear to be surprising the Florida Department of Transportation. Alone in your car on Florida’s I-95, you no longer have to remain in slow moving traffic. For a price, you can enter a HOV (High Occupancy Vehicle) lane