Posts Tagged ‘pedestrian plazas’

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    Driving Costs

    Jun 28, 11 • 234 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Environment, RegulationNo Comments

    Describing traffic policy in several European cities, the NY Times tells of poorly synchronized green lights, congestion pricing, auto-free zones. When drivers are inconvenienced, there are fewer cars, fewer emissions, happier pedestrians and bikers. One

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    No Free Lunch

    May 24, 10 • 168 Views • Thinking EconomicallyNo Comments

    In NYC, new pedestrian plazas are easing harried city life. Sitting in the middle of a once busy street where traffic congregated, now, you can relax at a table, drink some coffee and enjoy a sandwich. The only problem is the opportunity cost. Pedestrian