Construct · 1 fields · 1 citations

induced demand: a standalone construct

One name. One construct. A landmark on the map.

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induceddemand1 CONSTRUCTInduced demandDURANTON · TRANSPORT ECONOMICS

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Transport economics

the extra driving generated when road capacity is added, so that traffic grows roughly in step with new lanes.

In transport economics, induced demand refers to the extra driving generated when road capacity is added, so that traffic grows roughly in step with new lanes. This meaning comes from Duranton (2011) in American Economic Review.[1]

Unit
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Nearby constructs

Downs-Thomson paradox1 fields · 1 citationsanchor · a standalone construct

References

  1. Duranton, G., & Turner, M. A. (2011). The Fundamental Law of Road Congestion: Evidence from US Cities. American Economic Review, 101(6), 2616-2652. https://doi.org/10.1257/aer.101.6.2616

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