The Economics of Self-Driving Cars

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Tom Standage of The Economist talks about the importance of pricing when trying to predict driverless technology’s effect on traffic, ownership, public transportation, and sprawl. He also reminds us to be humble in our prognostications,¬†unearthing a quote from¬†The Horseless Age (1895), a book which hailed the benefits of the automobile over the horse: “Noise will be reduced. Streets will be […]

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