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Last Updated: 11/29/2022

Using Payment Innovations to Improve Transportation Networks

The Federal Reserve Bank of Chicago and Chicago Metropolis 2020 co-sponsored a one-day workshop on transportation networks. The purpose of this workshop was to understand how pricing schemes, public–private partnerships and emerging payment mechanisms can be used to address congestion and efficiency in urban commuter networks.

Tuesday, 06/12/07
8:00 AM
Registration and Continental Breakfast
9:00 AM
Welcome and Introduction
George Ranney, Jr., President and Chief Executive Officer, Chicago Metropolis 2020
9:15 AM
Theme 1: Reducing Congestion through Variable (or Differentiated) Pricing
Kenneth Small, University of California at Irvine
Clifforn Winston, Brookings Institution
Differentiated Road Pricing, Express Lanes, and Carpools: Exploiting Heterogeneous Preferences in Policy Design
Jia Yan, Hong Kong Polytechnic Institute
Alex Anas, Professor of Ecnomics, State University of New York at Buffalo
10:00 AM
Panel: Reducing Congestion through Pricing-Evidence from the Field
José A. Gómez-Ibáñez, Derek C. Bok Professor of Urban Planning and Public Policy, Harvard University
Yossi Berechman, Professor and Chair, Department of Economics, City University of New York
Stephen Fitzroy, Program Manager, Chenega Advanced Solutions & Engineering, LLC
John F. McDonald, Professor of Economics Emeritus, University of Illinois at Chicago
Lee Munnich, Senior Fellow and Director of the State and Local Policy Program, Hubert Humphrey Institute of Public Affairs, University of Minnesota
11:00 AM
11:30 AM
Theme 2: Alleviating Public Funding Pressures through Privatization and Other Alternatives to the Fuel Tax
Robert Poole, Reason Foundation
Peter Samuel, Reason Foundation
Robert Poole, Reason Foundation
12:00 PM
Panel Discussion
John Weicher, Director, Hudson Institute, Center for Housing and Financial Markets
Representative Randy Borror, House District 84, Indiana State Legislature
J. Fred Giertz, Professor of Economics, Institute of Government and Public Affairs, University of Illinois at Urbana-Champaign
Don Harmon, Senator, Senate District 39, Illinois State Legislature
1:00 PM
Lunch and Keynote Address
Michael Moskow, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Martin Wachs, Director, Transportation, Space and Technology Program, Rand Corporation
2:30 PM
2:45 PM
Theme 3: Improving Efficiency by Adopting New Payment Instruments
Gene Amromin, Federal Reserve Bank of Chicago
Carrie Jankowski, Federal Reserve Bank of Chicago
Richard Porter, Federal Reserve Bank of Chicago
Daniel P. McMillen, Professor of Ecnomics, University of Illinois at Chicago
3:30 PM
Panel: Benefits and Challenges of New Payment Systems in Public Transportation
David Boyce, Adjunct Professor, Department of Civil and Environmental Engineering, Northwestern University
Michael Bolton, Deputy Executive Director for Strategic Services, PACE, Chicago, IL
Gregory Garback, Executive Officer, Department of Finance, WMATA, Washington, DC
Eric Tai, Former Chief Executive Officer, Octopus Cards
4:30 PM
Conference Summary
5:00 PM
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