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New discovery in economics

Bill DeCota, aviation director at the Port Authority of New York and New Jersey, breaks new ground in economics:

Airlines say congestion pricing is just another tax on a financially ailing industry that's already heavily taxed. Another problem is that since so many people want flights at peak times, the government may not be able to levy fees high enough to really affect scheduling.

"There is no price that you could put in effect that would impact demand," says Mr. DeCota of the Port Authority.

(Link via my colleague, Wally Thurman.)

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