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Congestion Pricing

Congestion pricing is an economic concept that aims to decrease the shortage of a public good by charging a usage fee during peak demand. It has recently been introduced as a way to reduce traffic in New York City through Mayor Bloomberg's PlaNYC 2030: A Greener, Greater New York initiative. The proposal would charge automobiles that enter Manhattan below 60th St. between the hours of 6am and 6pm on weekdays.
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