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A comment on Evaluating State and Local Business Tax Incentives [pdf]. Parent comment

Re:Evaluating State and Local Business Tax Incentives [pdf] by beerandt on Tuesday January 07, 2020 @02:27PM (#21983693)
Because, as traffic and transportation research is starting to show, traffic is supply-side (capacity) dominated, given time to reach equilibrium in a growing region.

It's a great example of a market with a fixed price (excluding some newer ppp toll schemes) and highly variable demand. (And where costs besides the direct price that end up controlling.)

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Re:Evaluating State and Local Business Tax Incentives [pdf] by mikepurvis on Tuesday January 07, 2020 @02:41PM (#21983887)
> starting to show

I mean, it's good that it's finally hitting the mainstream, but induced demand has been a recognized phenomenon for literally decades:

https://en.wikipedia.org/wiki/Induced_demand#History

The reverse of this is what justifies a lot of ped/cycle infrastructure projects even in areas where there don't currently seem to be a lot of people out walking or on foot— "build it and they will come".

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Re:Evaluating State and Local Business Tax Incentives [pdf] by beerandt on Thursday January 09, 2020 @07:26PM (#22007349)
That's true, but having GPS and being able to do studies that are based on actually tracking vehicles has been a game changer (instead of just point traffic counts or driver questionnaires).
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