Perspectives Dynamic Toll Prices By Astha Puri with Elaine Schwartz [View the story “Dynamic Toll Prices” on Storify] Related Econlife Team Share This Previous ArticleYou'll Need a License for That Next ArticleUp Like a Rocket, Down Like a Feather October 23, 2014
Wow, this is so cool! I remember during Hurricane Sandy when NY was trying to limit the number of people moving in and out of the city, they lowered toll prices for people traveling before 5 AM. I had to wake up really early that day.
Thanks for your comment! Since you’ve had some experience with it, do you feel like the hassle of waking up early is worth the lack of traffic? I know some people think that the dynamic pricing system is unfair to people who need to get to work at a certain time.
Thank you. Well I think waking up early for those few days was definitely worth the lack of traffic. Despite the lack of sleep, I arrived to work early and saved money. This rule also made it easier for the city to clean up the mess Sandy made rather than not having the rule, and taking a longer, more expensive method to fix the problems.
Interesting take on the opportunity cost of waking up early! Thanks for your interest in Econlife!