taw comments on Less wrong economic policy - Less Wrong
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Would congestion pricing significantly reduce amount of traffic? I quite doubt it. People are willing to stay extremely long in the traffic, a few extra dollars of congestion charge on top of that won't make much of a difference, and cost of operating the scheme would be enormous.
Unless the congestion charge is really extremely high, like $100 a day, that would probably work well enough to reduce traffic, but it's unlikely they'll ever do that.