From the Freakonomic Blog - Mixed Messages on Auto Use: We wrote not long ago about the various negative externalities produced by driving — congestion, pollution, accident risk, etc. — and how pay-as-you-drive insurance might help impose the true cost of driving on each driver. ...And here’s … [Read more...]
Market Incentives to Conserve Resources
The economics blog, Knowledge Problem on how prices effect individuals incentive to conserve: Conservation of resources: Prices change everything Steven Stoft, at the EU Energy Policy Blog, observes that market driven conservation is a slow process:Conservation is the main way consumers respond … [Read more...]
“Green” Parking Garage in Chicago. Oxymoron?
Developer, Al Friedman plans to build a "green" parking garage in Chicago's Streeterville neighborhood, where development has replaced many surface lots. (Crain's)Environmentally speaking, it's probably better than a surface lot and frees up more space for productive development. But, can the … [Read more...]
$12.8b Bid for PA Turnpike
From Toll Road News: With a bid of $12.8 billion an Abertis/Citi team has been selected as the concessionaire in a 75 year lease of the Pennsylvania Turnpike. The bids were received in a second round of best-&-final offer bids last Friday (May 16). #2 bidder was Transurban/Goldman Sachs at … [Read more...]
The Great Depression and America’s Addiction to Government Roads and Oil
One of my favorite new blogs, Rationalitate brought up a topic that I have spent much time thinking about, The Great Depression and Public Roads: In a time before the widespread adoption of income and sales taxes, property taxes made up the lion's share of local government revenues: two-thirds of … [Read more...]
How McCain or Obama Can Permanently Eliminate the Gas Tax, Cut Pork and Help the Environment
John McCain and Hillary Clinton have both supported the idea of a "Gas Tax Holiday". The whole idea of a Holy Day to celebrate the worship of socialized transportation catered by Santa Clinton/McCain seems pretty absurd to me. Nonetheless, they expect pandering to gas-addicted voters to pay off in … [Read more...]
Private Streets in Brooklyn?
This isn't some crazy proposal, they have been private since the 20's and 30's. It seems there are advantages and disadvantages. You don't have to worry about street parking when you own the street, but you have to hire your own contractor to make repairs. My main concern is that those homeowners … [Read more...]
Privatize Midway Airport
If Chicago's Midway Airport is privatized, I'll be looking forward to flying in there. (And it won't just be to satisfy cravings of Italian beef sandwiches and hot dogs at the food court.) It's success may depend on the how much (or hopefully how little) the city regulates the airport's contracts … [Read more...]