Externalities on highways. Today: We apply externalities to a real-life example. Today. A real-life example with externalities Automobile congestion We can use some economic tools to analyze the situation Equilibrium Market failure. Congestion.
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Today: We apply externalities to a real-life example
Travel time on HW: 20 minutes
Travel time on bridge: 9 + T minutes, where T is the number of bridge travelersRecall route choice experiment from early in the quarter
Highway 405: Often one of the busier freeways in the LA metro area; however, recent expansion has helped some
Highway 91 Express Lanes: Part success, part failure
$9.55 toll going eastbound on Thursdays, 4 pm hour