Another rationale for sticky prices?

…what can be predicted, Dabis said, is that a recent policy change by the Washington Metropolitan Area Transit Authority requiring drivers to verbally quote the $2.25 fare to passengers may make their job even riskier.

Eight current Metro employees and two former employees who work at the union representing Metro workers told The Washington Post that they are concerned that announcing the fare is ineffective and may increase the risk that bus operators will be harassed or assaulted. As a result, several drivers said they are disregarding the policy to keep themselves safe.

“It’s very disheartening to think that a company would put their operators in harm’s way by allowing this type of change,” said Dabis, who is among those refusing to quote the fare. “I just want to go home the same way that I came to work: healthy, unharmed. I love this company. I love the customers. But quoting the fare is just too much.”

Fare evasion has plagued Metro for years. In 2024, Metro said about 70 percent of bus riders didn’t pay.

Here is the full story.  And for the pointer I thank Rich.

The post Another rationale for sticky prices? appeared first on Marginal REVOLUTION.

#rationale #sticky #prices

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