Auto congestion is a consumption externality: a driver in peak periods delays other drivers and imposes a social cost without accounting for it, and the market cannot respond because no one owns the roads—government owns them—raising the question of what could make drivers internalize that cost.

causalpending

Speaker

Clifford Winston

Evidence Quote

you're imposing a social cost on others in in in the delay

Source

Clifford Winston on Market Failure and Government Failure 12/28/2009EconTalk
Created: 6/15/2026, 9:37:54 AM

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