Increasing supply of a resource induces additional demand for that resource.
Downs and others. Adding a lane fills the lane: Houston's Katy Freeway reconstruction, completed in 2008, gave six general-purpose lanes in each direction plus two managed lanes, and commute times rose. Popular 26-lane counts include frontage and other lanes at the widest cross-section, and the project illustrates the mechanism rather than proving it alone.
In practice
- A council opens a new car park and finds the town centre no easier to park in within a year.
- A team given a second on-call engineer finds the alert volume rises to fill both.
- Further reading
- Wikipedia
- Subject
- Economics & Incentives
- Essay
- The regularities money obeys