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

Transit Reform in Santiago

Original post date: October 18, 2013 Article by: Ben Douglas 5/16/2023 Edits: Some links that were no longer working have been fixed. In 2007, Chile’s center-left ruling government coalition eliminated most private provision of transit, citing the need to eliminate profit and reduce the diversity of services offered to the traveling public in the capital … Continue reading Transit Reform in Santiago