Thanks for writing this, Zixuan. I feel validated that my comment (link at end of this Note) on Bryan's prior post correctly recalled the incentives facing the toll operator, although I got the speed wrong: I mixed up the (not applicable here) 45 mph federally required minimum free-flow speed and the (very applicable) 55 mph required by VDOT and the P3 contract.
On your last paragraph, I think that "efficiency" is the wrong thing to look for: some people prefer to pay for peak travel traffic lanes with their time and some with their money, and it's not clear why the government should try to change that.
Bryan, I think you found a brilliant young mind to follow in your footsteps.
Thanks for writing this, Zixuan. I feel validated that my comment (link at end of this Note) on Bryan's prior post correctly recalled the incentives facing the toll operator, although I got the speed wrong: I mixed up the (not applicable here) 45 mph federally required minimum free-flow speed and the (very applicable) 55 mph required by VDOT and the P3 contract.
On your last paragraph, I think that "efficiency" is the wrong thing to look for: some people prefer to pay for peak travel traffic lanes with their time and some with their money, and it's not clear why the government should try to change that.
https://www.betonit.ai/p/the-strange-economics-of-hot-lanes/comment/114969328
It's about time people were willing to charge the true cost roads impose on society