Posts Tagged ‘urban transport systems’

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    A Tragedy of the Commons: City Streets

    Jul 7, 13 • 140 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Debates, Environment, Regulation, Thinking EconomicallyNo Comments

    As a frequent driver to NYC, I was surprised to learn how much space my car occupies. Driving down 5th Avenue at 15 kilometers an hour (9.3 MPH), my car requires 40 square meters of street (430 square feet). If I can accelerate to 30 km/h (18.6 MPH), then my...