Do a review on each post minimum of 100 words for each. please if you can do each one in a seperate word document, thank you1..For drivers, we drive on congested traffic filled roads every day. Some commutes on major highways can sometimes feel like riding into hell. Privatizing our roads seems like a preposterous idea, it may be a beneficial solution however. On a free road the “The Federal Highway Administration provides stewardship over the construction, maintenance, and preservation of the nation’s highways, bridges and tunnels” (fwha 2012). Local and state governments are contracted by the federal government to complete these projects. The men and women who complete these contracts have very little incentive to complete their tasks efficiently. Most are overworked and under payed for their jobs as government employees. This leaves free roads with many problems like potholes, unfinished construction, and damage leading to congestion.A private contractor pays the government to lease part of a major highway, then installs tolls that vary the price during peak traffic hours. Each driver can choose to travel on this portion of the road or not. By choosing to take the toll portion, they can travel up to the speed limit comfortably, drive on a maintained road, and get to their destination with less congestion. A private contractor has the incentive to take care of, and maintain their property, because they are paying for it. The use of the tolls internalizes the congestion externality and reduces the number of trips drivers take down the congested road. This leads to less congestion as a whole.There is a benefit to privatization of roads, which leads to drivers being happy about their commute to work. With the simple use of varying tolls, private companies have found a way to maintain congestion better than the governments have. They have even managed to make a profit doing it. A profit that returns to the state and benefits it, helping common resources like parks and recreational areas. It would seem that privatizing, at the very least, large highways would be a gain for this market.Mankiw, N. G. (2015) Principles of economics. Stamford, CT Cengage LearningU.S. Department of Transportation. (2012) Federal highway administration. Washington, DC. Retrieved from 2.
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