Road maintenance and reconstruction impose what economists call external costs, not measured by taxes or expenditures for the road work but real to people who experience delays or other problems. Shown are Meridian Road and Main Street in Meridian before construction in 2012 and 2013 to widen traffic lanes and add a new crossover road to route vehicles north onto Meridian Road from Main Street.
Road maintenance and reconstruction impose what economists call external costs, not measured by taxes or expenditures for the road work but real to people who experience delays or other problems. Shown are Meridian Road and Main Street in Meridian before construction in 2012 and 2013 to widen traffic lanes and add a new crossover road to route vehicles north onto Meridian Road from Main Street. Darin Oswald doswald@idahostatesman.com
Road maintenance and reconstruction impose what economists call external costs, not measured by taxes or expenditures for the road work but real to people who experience delays or other problems. Shown are Meridian Road and Main Street in Meridian before construction in 2012 and 2013 to widen traffic lanes and add a new crossover road to route vehicles north onto Meridian Road from Main Street. Darin Oswald doswald@idahostatesman.com

Ed Lotterman: There’s more economics in a detour than meets the eye

November 27, 2015 11:02 PM