Market Unpredictability and Congestion Pricing
Bloomberg Surveillance
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New York City's Congestion Pricing: Impacts and Implications
This chapter explores the implementation of congestion pricing in New York City and its anticipated effects on the taxi industry and overall traffic management. It discusses the reduction of congestion, potential improvements in taxi experiences, and the competition with rideshare services, while also addressing concerns about the perception of this pricing as a consumer tax. Additionally, the speakers highlight the importance of addressing the needs of low-income commuters and the expected benefits for public transit amid ongoing debates and challenges surrounding the initiative.
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