Dynamic Market Pricing Reduces Congestion on the 520 Bridge, With Maybe Some Help from an App?
After just a few weeks following the implementation of the bridge tolls, the Seattle Times is reporting that:
"New tolls on the Highway 520 bridge have reduced traffic so much that drivers are commonly traveling at 65 mph, maybe three times as fast as they're used to. Bryan Bucklin, of Seattle, estimates that his former 35- to 40-minute ride from Microsoft to Montlake is now as short as 15 minutes.
Motorists are diverting to other roads, chiefly the toll-free Interstate 90 bridge."
MP: Maybe the mobile app, in addition to the dynamic pricing, is contributing to the reduction in traffic on the 520 bridge?
HT: Greg Mankiw