I think microeconomics is an under appreciated class / study. Thanks for that point. If more people understood those concepts we could skip some of these basic arguments which is why I think people love HN. You can get to the meat of tech discussions without wasting time on the basics. And I wish we could do that with economic discussions.
But to add on - congestion is not just a negative externality problem - it’s a policy problem to get a throughput of people to a location that the road infrastructure cannot support and therefore must incentivize people to a new transportation method which I’m not sure has a solution outside of economic incentives (New York’s solution) or strict regulation (Beijing with no drive days based on license plate number). No solution is perfectly equitable or efficient. But it’s a fun policy academic discussion with a lot of data! I am biased towards the economic incentives based on studies of the two.
These types of policy decisions are perfect for Freakonomic types. You really need to look at lots of data to make direct and indirect consequences of these policies.
Humans are not rational (As we know), behavior cannot always easily be predictable.
But to add on - congestion is not just a negative externality problem - it’s a policy problem to get a throughput of people to a location that the road infrastructure cannot support and therefore must incentivize people to a new transportation method which I’m not sure has a solution outside of economic incentives (New York’s solution) or strict regulation (Beijing with no drive days based on license plate number). No solution is perfectly equitable or efficient. But it’s a fun policy academic discussion with a lot of data! I am biased towards the economic incentives based on studies of the two.