In the last post, commenter AWP helped me realize that the marshmallow mountain analogy could be improved upon, since one person eating a marshmallow prevented another person from eating that same marshmallow. But the road cannot be subdivided as simply. Yes, a nit-picky implication of the … [Read more...]
Urban[ism] Legend: Transportation is a Public Good
In a recent post, commenter Jeremy H. helped point out that the use of the term "public good" is grossly abused in the case of transportation. Even Nobel economists refer to roads as "important examples of production of public goods," ( Samuelson and Nordhaus 1985: 48-49). I'd like to spend a … [Read more...]