The Right Structure for the Right Incentives for Multimodal Transportation in America’s Growing Megaregions
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2018-12-01
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Edition:September 2017–August 2018
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Abstract:Advancements in technology and changes in population demographics have caused the transportation situation of the 21st century to outgrow the legal framework made to support it in the 20th. This project analyzed the legal framework of American transportation funding in the context of modern developments and in comparison to those of Germany and China to identify where the legal framework inadequately fits modern needs. It concludes that existing funding streams disproportionately subsidize highway travel, and as a result of historical inertia do not adequately incentivize multi-modal transportation solutions for America’s growing megaregions. To solve this, direct and de facto subsidies for automobile transportation must be competitively redistributed based on more forward-looking assessments of megaregional transportation needs.
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