https://youtu.be/zOYLiTj4vag
*how "cheap" are new roadways (or public goods/service) to the point that "induced demand" is comparable to a Giffen good (or service)? Maybe such growth in demand is a tragedy of the commons (traffic jam., etc... ) I guess this is related to economies of scale or average total cost of using a public good or service versus a private good or service (I would rather pay taxes so a governing body to build the best possible road network than to buy land and pay for a street to commute to work or shopping (and that no one else can use it.)So, a better solution is tolls for a price per mile per usage? "voluntary" taxes per usage rather than must pay a tax even you did not use that road? There are pros and cons. I guess everyone uses the road even if they have not used a road per the services allowed by having a road (toll or no toll.)
Instead of roads, think of banks and central banks and how dependent they are to centralized authority and the current issue of debt to GDP ratios debt/default debate in Washington DC right now. A tragedy of the commons per a default?
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