Earlier quoted context omitted.
The issue here is that you are prioritizing using "the fast lane in a floating price system" as the most important thing when for a lot of people that will not be the case. They might rather spend that money on housing, or education or chewing gum or who the hell knows what. The utility maximizing choice it to let them make their own decision as they know more about their preferences than you do. You making that deci…
(op) I don't know why the downvotes, you make valid points. I think what you say is true, but not in the context of this specific scenario. This scenario starts with a public good that is freely available to all. In the free-for-all, everyone has equal access to the good. The total value of that is somewhat diminished in theory, because the lack of a price system causes overconsumption ... traffic jams. In the price…
Example: Using the express roadway once a month is $10/use. Using it 100 times is 50/use.
This is similar to how California tries to restrict water usage by the wealthy.