Car Parking at La Trobe University - Is this a case of market failure?
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this is fantastic.
zor2991 5 months ago
to be fair, this example misses the supply-side reasons that the market hasn't corrected the shortage, but is a great example of the demand-sdee ramifications and neg externalities which are probably overlooked by the uni.. In this example, the 'market' is a single entity; a university, so is a distinct case where 1 actor needs to change their behaviour (not a free-moving market).
The required funding simply needs to be spent by the university, more parks, or more incentives to ride bikes/bus!
yobsta1 1 year ago