Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / If you have traveled in a big city you know how congested traffic can get Many major citie...

If you have traveled in a big city you know how congested traffic can get Many major cities now have HOV lanes highoccupancy vehicle lanes that allow vehicles with two or more occupants to sail

If you have traveled in a big city, you know how congested traffic can get. Many major cities now have HOV lanes (highoccupancy vehicle lanes) that allow vehicles with two or more occupants to sail past all the other vehicles in single-occupancy lanes. The lanes are usually barricaded off between the opposingdirection lanes and switch directions from morning to evening to cater to the flow of heavy traffic. Mobile technology has resulted in a new opportunity for communities by converting these lanes to HOT lanes (high-occupancy toll lanes). For example, travelers in Houston can drive in these lanes for free if more than two people are in the car, but single riders can jump in these lanes as well for a toll. But the toll varies depending on the volume of traffic. The “dynamic pricing” lanes now appear in about a dozen cities, with digital signs indicating the fluctuating prices. Tolls range from 25 cents to $1.40 per mile, depending on the speed of traffic, and are charged to drivers’ toll tags. 9-8. Suggest another example of how dynamic pricing can be applied based on information obtained from consumers’ digital behavior on the Internet, use of social media, or through mobile technology usage. (AACSB: Written and Oral Communication; Information Technology; Reflective Thinking) 9-9. Is dynamic pricing ethical?

Jun 20 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions