Lessons from recent transport crises | Explained
In October, trains to Bihar experienced immense rush. In December, the mass cancellation of Indigo flights led to stranded passengers and inflated prices. Low prices of government services do not increase welfare unless accompanied by government investment, while deregulated prices only reduce welfare in the presence of monopolies
In October, trains to Bihar experienced immense rush. In December, the mass cancellation of Indigo flights led to stranded passengers and inflated prices. Low prices of government services do not increase welfare unless accompanied by government investment, while deregulated prices only reduce welfare in the presence of monopolies
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