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The post you replied to explained why it shouldn't be baffling. Individual agents all optimize to the changes in factors offered by new roads leading to a non o
by yayana 8y ago
The post you replied to explained why it shouldn't be baffling. Individual agents all optimize to the changes in factors offered by new roads leading to a non optimal society of people commuting hours to get to jobs and big box stores from "less expensive" housing before calculating commute costs and externalities.