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But in the case of highways, they probably would have still gotten where they want to go by another route. The folly is treating highway capacity as being a "m

by treyd 2y ago

But in the case of highways, they probably would have still gotten where they want to go by another route. The folly is treating highway capacity as being a "market" when really the decision making is much more dynamic and nuanced.

HPsquared 2y ago
Like a market it's very complicated with many feedbacks and value judgements. For example "How much of my time is it worth sitting in traffic to get to my preferred store across town vs the closer one?" It's a bit like queueing. The cost isn't monetary.