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Congestion 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 indic
by nickff 5y ago
Congestion 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.