Comment 116035

By Notlloyd1 (anonymous) | Posted January 13, 2016 at 20:09:08 in reply to Comment 116032

The demand that is latent is for movement from one point to another. That is combined with the need for good, cheap, reliable, and as private as possible (etc.) transportation. In economics, you need to look at all the factors as they weigh against each other and combine them in an algorithm. I don't care so much about the "law" point. I care more about the latent v. induced point. You are not inducing the desire for people to move quickly and cheaply and cleanly etc. They have some demand to do that already. What you do by making car transportation easier than say teleporting is facilitating the fulfillment of the demand by making one way of fulfilling it cheaper than another.

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools