文档介绍：BAKERY vs PUBLIC GOOD
• Clear provider/customer • Unclear, “lumpy” customer
• Competition • Public monopoly
• Individual choice • Complex political purchase
• Flexibility, bankruptcy • No forgiviness of debt, political price
-- writedown of assets • Surrogate customers
-- owners
-- workers
-- real estate owners
• Technology & • Producer conservatism
innovation -- the orange stripe on the lamppost
• Marketing
Nigel . Wilson , Fall 2006 slide 1
Lecture 10, F. i
TRANSIT AS REMNANT
Contingency role
“Rider” on auto system
Nigel . Wilson , Fall 2006 slide 2
Lecture 10, F. i
HISTORY
(a) Private, with regulation
(b) Public private, with public capital
1900 --> 1950 --> 2004
-->
(c) Public with public funding
operating and capital 2004
1950 --> 1970 --> 2004
-->
Nigel . Wilson , Fall 2006 slide 3
Lecture 10, F. i
RELATION TO AUTO
AUTO TRANSIT
Pre 1914 Local public roads Regulation; vehicles by pany
1914-1940 Federal, state roads Tax paying, regulated
Local zoning Vehicle infrastructure by private/public
Vehicles by private owners
1945-1960 Federal, state local roads Reduce taxes
Local zoning Begin subsidy of capital
Commercial tax base (vehicles & infrastructure)
Tax-exempt interest on homes
Vehicles by private owners
1960-2004 Federal, state local roads Local, Metro, State tax support
Local zoning Federal capital - even operating
Commercial tax base Extenalities
Tax-exempt interest on homes “Riders”
Vehicles by private owners
Nigel . Wilson , Fall 2006 slide 4
Lecture 10, F. i
POLICY AND THE CHESHIRE CAT
Externalities:
Congestion
Urban form
Trip patterns
Clean air
Energy independence
Elderly, disabled, students
Low e
Which way do you want to go?
Nigel . Wilson , Fall 2006 slide 5
Lecture 10, F. i
COGNITIVE DISSONANCE
Clean air - Diesel bus
Disabled -