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Braess for Closures: A New Take on City Congestion
http://expertvoices.nsdl.org/ cornell-info204/ 2008/ 05/ 09/ braess-for-closures-a-ne...
Braess for Closures: A New Take on City Congestion Friday, May 9th, 2008 8:04 am Contributed by: econ204blogger http://query.nytimes.com/gst/fullpage.html?res=9C0CE7D81530F936A15751C1A966958260&scp=1&sq=Braess’Paradox&st=cse Much to the chagrin of many New Yorkers, Mayor Michael Bloomberg announced a widespread traffic proposal that would charge people $8 to enter Manhattan below 86th Street. While many praised Bloomberg for his plan—estimated to bring New York City $500M—most said that the toll would encumber New York City businesses.
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