Induced demand
Transport economics term; when increase in supply results in a decline in price and an increase in consumption
In transportation planning, induced demand, also called "induced traffic" or consumption of road capacity, has become important in the debate over the expansion of transportation systems, and is often used as an argument against increasing roadway traffic capacity as a cure for congestion. Induced traffic may be a contributing factor to urban sprawl and affordable housing.
Nº Q8018003 ★★
Uncommon · Knowledge
Induced demand
Transport economics term; when increase in supply results in a decline in price and an increase in consumption
In transportation planning, induced demand, also called "induced traffic" or consumption of road capacity, has become important in the debate over the expansion of transportation systems, and is often used as an argument against increasing roadway traffic capacity as a cure for congestion. Induced traffic may be a contributing factor to urban sprawl and affordable housing.
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From Wikipedia
In transportation planning, induced demand, also called "induced traffic" or consumption of road capacity, has become important in the debate over the expansion of transportation systems, and is often used as an argument against increasing roadway traffic capacity as a cure for congestion. Induced traffic may be a contributing factor to urban sprawl and affordable housing. City planner Jeff Speck has called induced demand "the great intellectual black hole in city planning, the one professional certainty that every thoughtful person seems to acknowledge, yet almost no one is willing to act upon." The inverse effect, known as reduced demand, is also observed.
Text: Wikipédia, CC BY-SA 4.0. · Image: Transformative Urban Mobility Initiative (TUMI) (CC BY-SA 4.0) ·
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