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The street economics of induced demand
There’s a lot of misinformation out there about induced demand, a widely established city planning model that attempts to explain why cities tend to maintain a steady state of congestion. I’ll go into...
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The four biggest myths about induced demand
Two weeks ago, I laid out the economic argument for induced demand: the idea that building more roads does not reduce congestion. It is a simple model that uses concepts from Economics 101 to explain...
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