Economists are generally one-trick ponies on the subject of urban transportation: get the prices right (with congestion taxes) and let the market decide. We’re big fans of that trick – it has worked wonders for London and Singapore. Once you acknowledge the complexities created by everything from network effects to …
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By Robert Hahn, Peter Passell | Tags: congestion pricing, Yonah Freemark | Category: Quick Takes, Transportation |
 Leave a commentSpirit Airlines’ announcement that it will charge extra for carry-on baggage yielded the predictable grumbles from fee-shocked travelers. What next? A charge for using the toilet? But as believers in marginal-cost pricing, we have a yen (dollar? euro?) to defend the practice. Indeed, we wish it … By Robert Hahn, Peter Passell | Tags: baggage fees, congestion pricing, early bird, Panama Canal, Spirit Airlines | Category: Airline Regulation |
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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