If a stretch of highway is often congested, we should add another lane to increase capacity. Wrong. In “The Fundamental Law of Road Congestion: Evidence from U.S. Cities,” researchers show any increased capacity from additional roads is temporary. Traffic increases to fill the added capacity. The study’s startling findings include: The number of vehicle-kilometers traveled…
When is the best time to buy an airplane ticket? As a frequent traveler, experience has taught me that the best time to buy a US domestic ticket is mid-week. Flights always seem to be more expensive when purchased on the weekend. I tend to book flights on Tuesdays. A Wall Street Journal article seemingly supports my intuition….
It might be time to move out of the suburbs. Until about 100 years ago, almost every city in the world was laid out on a rectangular grid. New York City and Washington D.C. are prototypical U.S. examples; most European capitals are also. Starting around 1930 however, city designers abandoned dense urban grids for garden…