33 ms·
I agree with you, it's a way of pejoratively referring to elasticity of demand.
by nickff 5y ago
I agree with you, it's a way of pejoratively referring to elasticity of demand.
- deleted 5y ago[deleted]
- afiori 5y agowhy is it pejorative? I think there is a change in focus, daily car trips are elastic in gas/toll prices and induced by lack of congestion.
- nickff 5y agoCongestion is a non-pecuniary cost, so there's no reason to use a different term. Every time I hear someone use the words 'induced demand', it is meant to indicate that it should be reduced/prevented; I know someone who works in Vancouver's city planning department, and uses the term in this way.