If intercity railways in Japan switched from MUs to locomotives, costs would increase and the value of the service they deliver would drop
-
-
As a train enthusiast, I agree. As an amateur economist I can't. Services become profitable when people want them, not want when profitable.
-
And people want them when they can get more value from them, thus: increase value -> more people want it -> profit
-
Over in Boston, commuter rail trains are often overcrowded: demand is much higher than supply!
End of conversation
New conversation -
-
-
Anyway, I do like trains so I'm rooting for the next big thing. I just want it to be done in the private sector unsubsidized and unassisted.
-
I'm skeptical of how much you like trains given that I had to explain MUs to you earlier, that's pretty basic stuff
-
It sounds like you're pretty new to the topic, and oblivious of it outside the USA. I suggest sticking with Hayek for now.
-
OK, thanks.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.