DeVoe Moore Center DeVoe Moore Center, Economics, Florida, Florida State University, Transportation, Urban Development

Transit as an Inferior Good

Original post date: November 25, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Mass transit is frequently accompanied by mass-subsidization, cartelization, and monopolies. This chronic need for artificial support might be an indication of its inherent inferiority as an economically valued good or service. If consumers … Continue reading Transit as an Inferior Good

DeVoe Moore Center DeVoe Moore Center, Florida State University, Foreign Policy, Land Use, Public Transportation, Taxes, Transportation

Lima’s Transit Woes

Original post date: October 07, 2013 Article by: Ben Douglas The World Bank has devoted a considerable amount of funding in recent years to the establishment of Bus Rapid Transit (BRT) systems in Latin America (and Africa). Numerous prominent Latin American cities have taken loans from the global financial institution for this purpose, including Mexico … Continue reading Lima’s Transit Woes