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A Pileup

Surface Transportation Market Failures and Policy Solutions

Surface transportation, the movement of people or goods in cars, trucks, trains, buses, and subways, in the United States is in need of reform. The corresponding greenhouse gas emissions, local air pollution, traffic congestion, and traffic collisions from cars and trucks generate billions of dollars in economic harm every year.

Guided by economic principles, this report summarizes the well-established economically efficient policy solutions and outlines several options for reforming surface transportation that account for technological, institutional, and political realities. It also highlights the unequal burden of market failures in the transportation sector and policy solutions that can help lead to a more just outcome.