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Unformatted text preview: to get through fast in a HOT lane would have to pay a fee depending on the time. Adverse affects of tolls can be exemplified in Singapore where they tolled the main roads which cleared them up during rush hour but caused major congestion on backroads. London charges a toll and fines if the toll doesent pay, seemed to get the price right so it worked. Hong, Kong, China- serious congestion problems, people who drive want all peoples taxes to pay for new roads, people who dont drive want tolls to get drivers to pay for the problem. Japan has incredibly high tolls, causes people to go to extreme measures such as purchasing plane tickets for a destination 200 miles away rather than drive. Conclusion: its hard to price highways correctly....
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This note was uploaded on 04/24/2008 for the course ECN 102 taught by Professor Seely during the Spring '08 term at Wilkes.
- Spring '08