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NomNew

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投稿

How the World Cup Builds Nations

nominalnews.com
1 ポイント·投稿者 NomNew·13 日前·0 コメント

Fixed-Rate Mortgages Are Rent Control for Homeoweners

precon.substack.com
15 ポイント·投稿者 NomNew·16 日前·4 コメント

Kevin Warsh's Press Conference Collides into 30 Years of Michael Woodford

newsletter.mikekonczal.com
4 ポイント·投稿者 NomNew·20 日前·2 コメント

Federal Reserve FOMC Meeting

nominalnews.com
1 ポイント·投稿者 NomNew·27 日前·0 コメント

When People Cut Back on Instagram, Where Do They Go?

mondayeconomist.com
3 ポイント·投稿者 NomNew·27 日前·0 コメント

'AI' Could Lead to a Rise in Research Slop

nominalnews.com
2 ポイント·投稿者 NomNew·2 か月前·0 コメント

AI May, Paradoxically, Increase Demand for Higher Ed

jimmyalfonsolicon.substack.com
3 ポイント·投稿者 NomNew·2 か月前·0 コメント

One Year Since "Liberation Day" Tariffs– The Economists Were Right

nominalnews.com
5 ポイント·投稿者 NomNew·2 か月前·1 コメント

Spousal Preferences Impact Career Outcomes of Men and Women

nominalnews.com
1 ポイント·投稿者 NomNew·3 か月前·0 コメント

Reflections on Vibe Researching

joshuagans.substack.com
2 ポイント·投稿者 NomNew·3 か月前·0 コメント

Guns and Butter: The Oldest Trade-Off in Economics Is Back

mondayeconomist.com
3 ポイント·投稿者 NomNew·3 か月前·0 コメント

The Mortal Consequences of Free Trade – How NAFTA Shortened Lives

nominalnews.com
2 ポイント·投稿者 NomNew·3 か月前·0 コメント

With Less Immigration, Urban Growth Slowed in 2025

substack.com
1 ポイント·投稿者 NomNew·4 か月前·0 コメント

Federal government employees are not ok

donmoynihan.substack.com
6 ポイント·投稿者 NomNew·4 か月前·1 コメント

Why Expanding Roads Fails to Reduce Traffic Congestion

nominalnews.com
12 ポイント·投稿者 NomNew·4 か月前·15 コメント

The Dirty Secret of Election Models

realcarlallen.substack.com
2 ポイント·投稿者 NomNew·4 か月前·0 コメント

Even Before the Iran War, There Was a Growing Inflation Problem

newsletter.mikekonczal.com
8 ポイント·投稿者 NomNew·4 か月前·1 コメント

Why Good Economic Policies Can Fail – The Need for Incentives and Reminders

nominalnews.com
1 ポイント·投稿者 NomNew·4 か月前·0 コメント

Mind the Failure Gap

erman.substack.com
1 ポイント·投稿者 NomNew·4 か月前·0 コメント

Does Where You're Born Matter More Than How Hard You Work?

decodeecon.com
60 ポイント·投稿者 NomNew·4 か月前·29 コメント

コメント

NomNew
·4 か月前·議論
And also - thanks for the comments and questions!
NomNew
·4 か月前·議論
Ah, I see. The key question the authors look at is what is the impact of adding a lane to VKT - this they found one-for-one growth. They control for many other factors that may have led to the growth over the observed time period (population being the big control).

The broad question is what would reduce congestion - currently, on the margin, adding a lane will not reduce it. I imagine that hypothetically adding many lanes may reduce congestion, although there may be city driven bottlenecks that don't make this feasible at all.
NomNew
·4 か月前·議論
I'm not sure I see the nuance in the two issues you point to. The paper looks at how adding new lanes changed congestion on these roads. The results found no change in congestion, as shown by VKT growing the same amount as the increase in road capacity.

A driver, besides the cost of the car and fuel, faces a time cost. An extra lane will reduce the time-cost, assuming no new vehicles enter the road. But if time costs fall, it's in effect 'cheaper' to drive. So previous car trips that were not happening, because the time-cost was too high, are now occurring. The amount of extra car-trips is such that we are back to the same time-cost as before the road expansion. That's why VKT ends up growing one for one with road expansion.
NomNew
·4 か月前·議論
The study looked at what is the source of extra traffic. In most cases it was individuals living in the area doing more car trips.

Basically, an extra lane temporarily reduces congestion. The main cost of congestion to road users is time. Since now it's faster to travel, you're more likely to do an extra car trip. You continue taking extra car trips, until the cost in time is the same as pre-road expansion.

The question then is are the extra car-trips valuable.