Economics and Waiting at Train Crossings

Image by <a href=”https://pixabay.com/users/music4life-19559/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=328763">Holger Schué</a> from <a href=”https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=328763">Pixabay</a>

I noticed this for the first time back in early 1990, but I didn’t understand what I was seeing. When I started my new job in the summer of 1990, my commute crossed three train crossings, and I was only held up maybe one day in five, with the delay being oh a few minutes, not enough even to worry me. I left the house a few minutes early to make sure I had an extra five minutes and didn’t think about it. By early summer…

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