@StuartBDonovan You be astonished at how close stop 6718 and stop 6719 are to eachother on the no7 thru Brooklyn
People can get off at the first and walk past the next stop before the bus gets there.
Walk out the gym. Couple of bogan ladies come up. One asks me for directions. Upon giving said directions, the other lady slaps me on the chest and says "He knows. He's buff."
I've been waiting years for this kind of recognition.
@TB_inaleakyboat I should clarify - it's not that it isn't pareto efficient, but a switch to $ pricing isn't a pareto improvement from pricing in time.
@TB_inaleakyboat It's an interesting one. Everyone has 24hrs in a day, but different people have different value of time. So pricing in $ leads to reallocation on the basis of willingness to pay with $. Productive efficiency gain, sure, but (if I'm not mistaken) it isn't pareto efficient.
@TB_inaleakyboat Of course, those who are priced out of driving in the switch from time payment to $ payment may indirectly gain from the productive efficiency gain.
"I can't afford the toll but I sure do enjoy the cheaper goods/better job prospects etc" sort of thing.