Transit as an Inferior Good

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

Transit Reform in Santiago

Original post date: October 18, 2013 Article by: Ben Douglas 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 city of Santiago. Additional concerns included the pollution, accidents, and traffic congestion … Continue reading Transit Reform in Santiago