From Geoff Riley's blog comes this idea of setting up a tradable permits system to reduce road congestion
http://www.tutor2u.net/newsmanager/templates/?a=2303&z=1
a) What sort of market failure is road congestion?
b) Do you think this suggested scheme could work? What its potential drawbacks?
c) What alternative measures could government use to reduce this example of market failure?
d) Would this tradable permits scheme be more or less popular with the average motorist than the alternatives suggested by government?
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