There is a story where a toll bridge at Delhi is always congested during rush hour. Therefore, the officials decided to keep it toll-free between 8 to 10 am and 5 to 7 pm to ease the traffic. What they didn’t expect is drivers arriving 30 mins before the toll-free period started queuing up in front of the bridge, thereby worsening the traffic condition.
Those drivers’ waiting for the toll-free period is a second-order effect, an unintended effect resulted from the policy’s original...
Second and Higher Order Effects
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Monday, October 29, 2018
Monday, October 29, 2018
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