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Congestion Pricing
Congestion pricing or congestion charges is a system of surcharging users of public goods that are subject to congestion through excess demand, such as through higher peak charges for use of bus services, electricity, metros, railways, telephones, and road pricing to reduce traffic congestion; airlines and shipping companies may be charged higher fees for slots at airports and through canals at busy times. This pricing strategy regulates demand, making it possible to manage congestion without increasing supply. According to the economic theory behind congestion pricing, the objective of this policy is to use the price mechanism to cover the social cost of an activity where users otherwise do not pay for the negative externalities they create (such as driving in a congested area during peak demand). By setting a price on an over-consumed product, congestion pricing encourages the redistribution of the demand in space or in time, leading to more efficient outcomes. Si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
027 ERP Gantry
7 (seven) is the natural number following 6 and preceding 8. It is the only prime number preceding a cube. As an early prime number in the series of positive integers, the number seven has symbolic associations in religion, mythology, superstition and philosophy. The seven classical planets resulted in seven being the number of days in a week. 7 is often considered lucky in Western culture and is often seen as highly symbolic. Evolution of the Arabic digit For early Brahmi numerals, 7 was written more or less in one stroke as a curve that looks like an uppercase vertically inverted (ᒉ). The western Arab peoples' main contribution was to make the longer line diagonal rather than straight, though they showed some tendencies to making the digit more rectilinear. The eastern Arab peoples developed the digit from a form that looked something like 6 to one that looked like an uppercase V. Both modern Arab forms influenced the European form, a two-stroke form consisting of a ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Price System
A free price system or free price mechanism (informally called ''the price system'' or ''the price mechanism'') is a mechanism of resource allocation that relies upon prices set by the interchange of supply and demand. The resulting price signals communicated between producers and consumers determine the production and distribution of resources. Therefore the free price system rations supplies, distributes income, and allocates resources. A free price system contrasts with an administered price system, where prices are administered by government in a controlled market. The price system, whether ''free'' or ''controlled'', contrasts with physical and non-monetary economic planning. Mechanics of a free price system In a free price system, prices are not set by any agency or institution. Instead, they are determined in a decentralized fashion by trades that occur as a result of sellers' asking prices matching buyers' bid prices arising from subjective value judgement in a mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congestion Pricing In New York City
Congestion pricing in New York City, also known as the Central Business District Tolling Program or CBDTP, began on January 5, 2025. It applies to most motor vehicular traffic using the central business district area of Manhattan south of 61st Street, known as the Congestion Relief Zone, in an effort to encourage commuters to use public transportation instead. This Pigovian tax, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York State government budget by the New York State Legislature. Tolls are collected electronically and vary depending on the time of day, type of vehicle, and whether a vehicle has an E-ZPass toll transponder. The Metropolitan Transportation Authority (MTA) estimates $15 billion in available capital will be generated by bonding revenues from the tolls, which will be available to fund repairs and improvements to the subway, bus, and commuter rail systems. As of 2024, New York City led ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manhattan
Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, largest, and average area per state and territory, smallest county by area in the U.S. state of New York (state), New York. Located almost entirely on Manhattan Island near the southern tip of the state, Manhattan constitutes the center of the Northeast megalopolis and the urban core of the New York metropolitan area. Manhattan serves as New York City's Economy of New York City, economic and Government of New York City, administrative center and has been described as the cultural, financial, Media in New York City, media, and show business, entertainment capital of the world. Present-day Manhattan was originally part of Lenape territory. European settlement began with the establishment of a trading post by Dutch colonization of the Americas, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Business District
A central business district (CBD) is the Commerce, commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city centre" or "downtown". However, these concepts are not necessarily synonymous: many cities have a central ''business'' district located away from its traditional city center, and there may be multiple CBDs within a single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city. Midtown Manhattan is the world's largest central business district. In the City of London, the largest concentration of economic output in the world is held there, with many headquarters of major financial and law firms being based in the City. In Chicago, the Chicago Loop is the second-largest central business district in the United States. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gothenburg Congestion Tax
The Gothenburg congestion tax (), also referred to as the Gothenburg congestion charge, is a congestion pricing system implemented as a tax levied on most vehicles entering and exiting central Gothenburg, Sweden, as well as some main roads passing by the city. The congestion tax was introduced on 1 January 2013, with the Stockholm congestion tax as a model. The primary purpose of the congestion tax is to reduce traffic congestion and improve the Natural environment, environmental situation in central Gothenburg, and to provide financing for large road and rail construction projects in and around Gothenburg. The largest such project is the Västlänken, West Link railway line. Affected area The congestion tax area encompasses the majority of Gothenburg city centre. There have been 38 toll points (') in Gothenburg since late 2020. These are unmanned and barrier-free. The toll points are located in central Gothenburg (including Lindholmen, Gothenburg, Lindholmen) and at river cross ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecopass
The Ecopass program was a traffic pollution charge implemented in Milan, Italy, as an urban toll for some motorists traveling within a designated traffic restricted zone or ZTL (), corresponding to the central ''Cerchia dei Bastioni'' area and encircling around . The Ecopass was implemented as a one-year trial program on 2 January 2008, and later extended until 31 December 2009. A public consultation was planned to be conducted early in 2009 to decide if the charge becomes permanent. ''The complete pricing scheme is presented in this article''. Subsequently, the charge-scheme was prolonged until 31 December 2011. ''Official Ecopass page'' Starting from 16 January 2012, a new scheme (called Milan Area C) was introduced, converting it from a pollution-charge to a conventional congestion charge. The primary purpose of the program was to reduce traffic and air pollution, as it was based on a fee structure according to the vehicle's engine emission standards, and to use the funds ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholm Congestion Tax
The Stockholm congestion tax (), also referred to as the Stockholm congestion charge, is a congestion pricing system implemented as a tax levied on most vehicles entering and exiting central Stockholm, Sweden. The congestion tax was implemented on a permanent basis on 1 August 2007, after a seven-month trial period between 3 January 2006 and 31 July 2006. It was inspired by Singapore's Electronic Road Pricing (ERP) system, which was first introduced as the Area Licensing Scheme in 1975. The primary purpose of the congestion tax is to reduce traffic congestion and improve the environmental situation in central Stockholm. The funds collected will be used for new road constructions in and around Stockholm. A referendum was held in September 2006, a few months after the end of the trial period. In the referendum the residents of Stockholm municipality voted yes and in 14 other municipalities voted no to implement it permanently. On 1 October 2006, the leaders of the winning partie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Congestion Charge
The London congestion charge is a fee charged on most cars and motor vehicles being driven within the Congestion Charge Zone (CCZ) in Central London between 7:00am and 6:00pm Monday to Friday, and between 12:00noon and 6:00pm Saturday and Sunday. Enforcement is primarily based on automatic number-plate recognition (ANPR). Inspired by Singapore's Electronic Road Pricing (ERP) system after London officials had travelled to the country, the charge was first introduced on 17 February 2003. The London charge zone is one of the largest congestion pricing, congestion charge zones in the world, despite the removal of the Western Extension which operated between February 2007 and January 2011. The charge not only helps to reduce high traffic flow in the city streets, but also reduces air and noise pollution in the central London area and raises investment funds for London's transport system. The amount and details of the charge change over time. the standard charge is £15, Monday� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Road Pricing (Singapore)
The Electronic Road Pricing (ERP) system is an electronic toll collection scheme adopted in Singapore to manage traffic by way of road pricing, and as a usage-based taxation mechanism to complement the purchase-based Certificate of Entitlement system. There are a total of 93 ERP gantries located throughout the country, along expressways and roads leading towards the Central Area, Singapore, Central Area. As of July 2024, only 19 ERP gantries are in operation and are all in expressways where congestion continues to be severe. The ERP was implemented by the Land Transport Authority (LTA) on 1 April 1998 to replace the preceding Singapore Area Licensing Scheme (ALS) that was first introduced on 11 August 1974 after successfully stress-testing the system with vehicles running at high speed. The system uses open road tolling; vehicles do not stop or slow down to pay tolls. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore Area Licensing Scheme
The Singapore Area Licensing Scheme (ALS) () was a road pricing scheme introduced in Singapore from 1975 to 1998 that charged drivers who were entering downtown Singapore. This was the first urban traffic congestion pricing scheme to be successfully implemented in the world. This scheme affected all roads entering a 6-square-kilometre area in the Central Business District (CBD) called the "Restricted Zone" (RZ), later increased to 7.25 square kilometres to include areas that later became commercial in nature. The scheme was later replaced in 1998 by the Electronic Road Pricing. Background The introduction of congestion pricing was one of a number of anti-congestion policies implemented in Singapore since the 1970s, in recognition of the country's land constraints, need of economic competitiveness, and to avoid the traffic gridlock that chokes many cities in the world. One key aspect of demand management in Singapore is the restraint of vehicle ownership, either through the impos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
