Our new @nberpubs paper extends Fogel’s social-savings approach to account for congestion and spatial externalities. These forces can change infrastructure priorities. Full explanation in the video below (sound on 🔊). ⬇️
Extending Fogel's 1964 social savings approach to incorporate traffic congestion and externalities and showing this affects where transportation investment has the greatest benefit, from @treballen, @SimonFuchs4, and @WoanFoongWong nber.org/papers/w35599
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Coding package (github.com/sfuchs-de/Transpo…) and practioner's guide (github.com/sfuchs-de/Transpo…) also available! Try it on your own network!
Aug 18, 2026 · 5:52 PM UTC
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