Dynamic toll roads.
Prices fluctuate with load,
save time, money, health.
Traffic congestion damages health, the environment and the economy. Whilst more roads might seem like the answer, history shows that additional roads don’t reduce traffic jams. Now Cramton et al (2018) suggest that smart toll roads – roads that track usage and charge accordingly – could be the solution.
By increasing prices in real time on roads that are busy, the authors suggest that road users would look to alternative routes and modes of transport or choose to travel at a different time. It would also reduce the financial burden on those individuals that rarely use road travel but still pay taxes to maintain road links.
Original source: http://dx.doi.org/10.1038/d41586-018-05836-0