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 WinstonEvidence Quote
“you're imposing a social cost on others in in in the delay”
Created: 6/15/2026, 9:37:54 AM
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