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> When a good is unpriced, we naturally overconsume it. In pure economics terms, the demand for a good at a price of zero nearly always exceeds the supply No.
by worik 2y ago
> When a good is unpriced, we naturally overconsume it. In pure economics terms, the demand for a good at a price of zero nearly always exceeds the supply
No.
In this case we are talking cars. They are expensive items and there are many incentives not to have more than you need.
I get annoyed at mindless application of Econ 101 nostrums.
His basic idea is correct, especially as density in cities gets higher, but it is not because of the "tragedy of the commons"
- recursive 2y agoCars are expensive. And they're even more expensive when you have to pay for parking. The total cost of ownership of a car includes the cost to operate it, including parking if that costs anything. If the parking cost component is "artificially" reduced or eliminated, the rest of the argument states.