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jerryking : opportunity_costs   2

How Technology Will Solve Cities’ Parking Nightmare - The Experts - WSJ
By JASON BORDOFF
Apr 21, 2017

as Prof. Donald Shoup has explained in his book, The High Cost of Free Parking, city officials dramatically underprice public parking relative to its market value, leading people to drive when they might otherwise have taken mass transit, walked, cycled or carpooled. San Francisco in 2010 had nearly 450,000 parking spaces, over half of which were free street spots. Free or low-cost street parking, either metered or permitted for residents, effectively subsidizes driving.

Underpricing parking not only leads to more car use, but also to more driving as people cruise around looking for parking, contributing to pollution, traffic congestion and greenhouse gas emissions. .....The coming revolution in autonomous cars can accelerate this trend. As Uber’s Chief Product Officer Jeff Holden recently explained at Columbia’s Center on Global Energy Policy, displacing the need for drivers will make it far more economical to move about with self-driving shared cars than to own a car—and that does not include the opportunity cost of driving, as riders will be able to use time en route to work, read or sleep.

Technology can also make carpooling far more efficient by better connecting riders going to and from the same place, further reducing cars on the road. Roughly 50% of Uber’s rides in San Francisco and 25% globally are now Uber Pool, according to Mr. Holden. Combining ride sharing with car sharing could cut the number of cars on the road—and that need to be parked—by 80% in major cities such as New York, according to MIT research.

With shared autonomous vehicles, there would be little need to park cars in downtown urban areas. Rather, autonomous vehicles could travel to garages on the outskirts of town to be recharged, cleaned and maintained.
parking  cities  Uber  UberPool  underpricing  ride_sharing  sharing_economy  opportunity_costs  autonomous_vehicles  high-cost 
april 2017 by jerryking
Drug-funding sob stories make for good reading, but we need hard evidence to set public policy
Mar. 16 2014 | The Globe and Mail | ANDRÉ PICARD.

the key question in public policy is always: What else could be done with the money that would provide more bang for the buck?

To fund or not fund drugs is not an easy discussion to have. But it is a necessary one. As compelling as the stories of suffering children may be, we have to make decisions based on evidence. We also owe it to ourselves to negotiate firmly with drug-makers.

We cannot continue to fall prey to emotional blackmail, no matter how much the headlines sting.
no_sob_stories  public_policy  André_Picard  pharmaceutical_industry  orphan_drugs  disease  opportunity_costs  evidence_based  emotional_blackmail  evidence  difficult_conversations 
march 2014 by jerryking

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