It's a seductive argument, but likely incorrect, that public transit can (cost effectively) beat well-utilized cars. https://twitter.com/mims/status/636575771356712960 …
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Replying to @StartupLJackson
@StartupLJackson@kimmaicutler Americans don't want public transit. It is literally the definition of an inferior good in Econ 101.9 replies 1 retweet 16 likes -
Replying to @rabois
@rabois@StartupLJackson@kimmaicutler I think the problem is that it's an equilibrium and collective action problem.1 reply 0 retweets 4 likes -
Replying to @patrickc
@rabois@StartupLJackson@kimmaicutler Given an American city and public transit network today, driving may be better.1 reply 0 retweets 2 likes -
Replying to @patrickc
@rabois@StartupLJackson@kimmaicutler And so in that sense the preference is real. But really we'd prefer better cities.1 reply 0 retweets 16 likes
@rabois @StartupLJackson @kimmaicutler In Zurich, even the rich bankers take das Tram.
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