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pulisse 3 days ago

The point of congestion pricing is to let market mechanisms determine where the optimum is.

eigenspace 3 days ago | parent [-]

Well, the market decides where the optimum is *in response to* the price set by the government. So the government can decide at least approximately where they want things to end up by setting a higher or lower price.

bgirard 3 days ago | parent [-]

Right. It finds an economic optimum limited to what people are willing to pay and their perceived value from that. That optimum doesn't naturally weight more complex factors like for the trade-off for the smog generated from your travel.