Search Results for parking

North Carolina’s Surreal Housing Spring

With a divided and highly polarized state government, North Carolina hadn’t gotten much done on housing and land use policy in the past few years. That changed unexpectedly last fall, when S 382, a controversial bill that combined hurricane relief…

Congestion Pricing: Traffic Solver or Sin Tax?

The goal of congestion pricing is not to penalize car trips but to smooth demand over a more extended time to reduce congestion. Unfortunately, many new congestion pricing schemes seem designed to ban cars rather than manage demand for car trips. This article appeared originally in Caos Planejado and is reprinted here with the publisher’s permission. Congestion pricing aims to reduce demand for peak-hour car trips by charging vehicles entering the city center when roads are the most congested. Charging rent for the use of roads is consistent with a fundamental principle of economics: when the price of a good or service increases, demand for it decreases. Charging different rates depending on the congestion level spreads trip demand over a longer period than the traditional peak hour. The goal of congestion pricing is not to penalize car trips but to smooth demand over a more extended time to reduce congestion. Unfortunately, many new congestion pricing schemes seem designed to ban cars rather than manage demand for car trips. Congestion pricing then becomes more akin to the “sin taxes” imposed on the consumption of tobacco and alcohol than to traffic management. The traffic on urban roads in a downtown area is not uniform during the day but is subject to rush hour peaks, while late-night road networks are usually underused. The use of roads in the downtown area is similar to other places like hotels in resort towns. Hotels try to spread demand away from peak season by reducing prices when demand is low and increasing prices when demand is high. When resort hotels charge higher prices during weekends and vacations, it is not to discourage demand but to spread demand over a broader period. Well-conceived congestion pricing for urban roads works under the same principles as the pricing of hotels. […]

In Praise of Randomness

Cities have always invited us to be constantly on the move. We move around to get to work, go shopping, meet friends, attend a concert, visit an art exhibition, and take advantage of all the many activities that a metropolis offers.

The Death and Life of Great American Cities, Revisited

Jane Jacobs’ The Death and Life of Great American Cities, published in 1961, revolutionised urban theory. This essay kicks off a series exploring Jacobs’ influential ideas and their potential to address today’s urban challenges and enhance city living. Adam Louis Sebastian Lehodey, the author of this collection of essays, studies philosophy and economics on the dual degree between Columbia University and SciencesPo Paris. Having grown up between London and Paris, he is energised by the questions of urban economics, the role of the metropolis in the global economy, urban governance and cities as spontaneous order. He works as an Applied Research Intern at the Mercatus Center. Since man is a political animal, and an intensely social existence is a necessary condition for his flourishing, then it follows that the city is the best form of spatial organisation. In the city arises a form of synergy, the whole being greater than the sum of its parts, for the remarkable thing about cities is that they tap into the brimming potential of every human being. In nowhere but the city can one find such a variety of human ingenuity, cooperation, culture and ideas. The challenge for cities is that they operate on their own logic. Cities are one of the best illustrations of spontaneous order. The city in history did not emerge as the result of a rational plan; rather, what the city represents is the physical manifestation of millions of individuals making decisions about where to locate their homes, carry out economic transactions, and form intricate social webs. This reality is difficult to reconcile with our modern preference for scientific positivism and rationalism. But for the Polis to flourish, it must be properly understood by the countless planners, reformers, politicians and the larger body of citizens inhabiting the space. Enter Jane […]