lect10fs

lect10fs - Nigel H.M Wilson 1.259J.11.542J/ESD.227J Fall...

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Unformatted text preview: Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 1 Lecture 10, F. Salvucci BAKERY vs PUBLIC GOOD • Unclear, “lumpy” customer • Public monopoly • Complex political purchase • No forgiviness of debt, political price • Surrogate customers-- owners-- workers-- real estate owners • Producer conservatism-- the orange stripe on the lamppost • Clear provider/customer • Competition • Individual choice • Flexibility, bankruptcy-- writedown of assets • Technology & innovation • Marketing Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 2 Lecture 10, F. Salvucci TRANSIT AS REMNANT Contingency role “Rider” on auto system Nigel H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 3 Lecture 10, F. Salvucci 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 H.M. Wilson 1.259J.11.542J/ESD.227J, Fall 2006 slide 4 Lecture 10, F. Salvucci RELATION TO AUTO Local, Metro, State tax support Federal capital - even operating Extenalities “Riders” Federal, state local roads Local zoning Commercial tax base Tax-exempt interest on homes Vehicles by private owners 1960-2004 Reduce taxes Begin subsidy of capital (vehicles & infrastructure) Federal, state local roads Local zoning Commercial tax base Tax-exempt interest on homes Vehicles by private owners 1945-1960...
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lect10fs - Nigel H.M Wilson 1.259J.11.542J/ESD.227J Fall...

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