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- W1486225313 abstract "A consensus is emerging among transportation economists that the best way to deal with freeway congestion is to charge for driving during peak hours. The main barrier to implementation is political: drastic change is politically unpopular. This paper proposes a way of overcoming the political obstacles by phasing in congestion pricing over a period of many years. The proposal involves modifying the current concept of High Occupancy Vehicle (HOV) lanes. Current HOV lanes are not very effective at reducing traffic; 43 percent of car-poolers are members of the same household. They cost everyone but serve few drivers. We propose replacing HOV lanes with HOT lanes: High Occupancy/Toll lanes. A HOT lane would give free passage to three-occupant vehicles (HOV3s) but permit all others to pay a peak-hour toll for access. This would utilize more of the lane's capacity, demonstrate congestion pricing on a wide scale, and generate revenues to pay for HOT lane construction. In cases where the choice is between a HOT lane or no additional lane, the HOT-lane option also promotes ridesharing." @default.
- W1486225313 created "2016-06-24" @default.
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- W1486225313 date "2003-01-01" @default.
- W1486225313 modified "2023-09-27" @default.
- W1486225313 title "High Occupancy/Toll Lanes: Phasing in Conjestion Pricing a Lane at a Time" @default.
- W1486225313 doi "https://doi.org/10.2139/ssrn.473602" @default.
- W1486225313 hasPublicationYear "2003" @default.
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