Blog Posts on tragedy of the commons

The economics of bus accidents and traffic by FOO Law and Economics on Sep 28, 2010Here comes a proposal to change the way bus drivers, especially on EDSA, are paid.  Supposedly, if they were on fixed salary, drivers would behave better and cause fewer accidents and traffic jams. The incentives to drive recklessly in search of a...

Hitler and congestion pricing (of toll roads) – Singapore style by FOO Law and Economics on Jun 10, 2009I remain a believer in the use of tolls to solve a road congestion problem.  This is better by far than “engineering” solutions like yellow bus lanes that are not observed.  And certainly, in the Philippines we cannot afford to spend to...