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  2. Induced demand - Wikipedia

    en.wikipedia.org/wiki/Induced_demand

    In transportation planning, induced demand, also called "induced traffic" or consumption of road capacity, has become important in the debate over the expansion of transportation systems, and is often used as an argument against increasing roadway traffic capacity as a cure for congestion.

  3. Downs–Thomson paradox - Wikipedia

    en.wikipedia.org/wiki/Downs–Thomson_paradox

    Increasing the size of the network is characterized by behaviors of users similar to that of travelers on road networks, who act independently and in a decentralized manner in choosing optimal routes between origin and destination is an extension of the induced demand theory and consistent with Downs' 1992 theory of "triple convergence ...

  4. Lewis–Mogridge position - Wikipedia

    en.wikipedia.org/wiki/Lewis–Mogridge_position

    It is generally referred to as induced demand in the transport literature, and was posited as the "Iron Law of Congestion" by Anthony Downs. [1] It is a special case of Jevons paradox (where the resource in question is traffic capacity), and relates to Marchetti's constant (average commute times are similar in widely varying conditions).

  5. Traffic congestion - Wikipedia

    en.wikipedia.org/wiki/Traffic_congestion

    Increasing road capacity is standard response to congestion, perhaps by widening an existing road or adding a new road, bridge or tunnel. However, this has been shown to result in attracting more traffic, otherwise known as induced demand. The result can be greater congestion on the expanded artery itself or on auxiliary roads. [35]

  6. Braess's paradox - Wikipedia

    en.wikipedia.org/wiki/Braess's_paradox

    Braess's paradox is the observation that adding one or more roads to a road network can slow down overall traffic flow through it. The paradox was first discovered by Arthur Pigou in 1920, [1] and later named after the German mathematician Dietrich Braess in 1968.

  7. What economists say about JD Vance's claim that immigrants ...

    www.aol.com/news/economists-jd-vances-claim...

    “Trends in interest rates and the pandemic-induced demand for housing were mostly responsible for the recent trends in housing costs,” he added. Historically, immigrants have tended to ...

  8. Transport economics - Wikipedia

    en.wikipedia.org/wiki/Transport_economics

    This picture illustrates a variety of transportation systems: public transportation; private vehicle road use; and rail. Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. [1] It has strong links to civil engineering.

  9. As Musk gains influence, questions hover over US probes into ...

    www.aol.com/news/musk-gains-influence-questions...

    He added a smiley-face emoji but attached a legal letter condemning the “improperly motivated” ultimatum: “We demand to know who directed these actions—whether it was you or the White ...