Streetfilms has dropped the latest in its "Moving Beyond the Automobile" series, this time explaining the economics behind congestion pricing for automobiles. The idea behind congestion pricing for automobiles is really pretty simple: "One of the most precious resources in a city is space, and that space needs to be priced." That's how New York traffic expert Sam Schwartz explains the concept, which was first floated by Nobel prize-winning economist William Vickrey back in the 1950s. Singapore has been charging drivers a fee to enter a city's central business district during peak hours for 35 years. Stockholm does it. In …
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