Mises Wire
Author:
Robert P. Murphy
Online Publish Date:
In my seminar on spontaneous order, the topic today was road design. One of the articles discussed experiments with variable rush hour pricing for certain lanes (in California, I think). The idea is that there is always a certain lane that will have 65 mph travel, but it might cost $20 to use it at 6 pm. Anyway, I explained other applications of