Original post date: November 25, 2013 Article by: Ben Douglas 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 preferred the bus or metro over other transportation alternatives, and if it … Continue reading Transit as an Inferior Good
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
