3 ms·
Jevon's paradox only occurs under very specific circumstances. I would bet on it not happening in the context Jeff Dean is referring to. https://en.wikipedia.o
by whack 7y ago
Jevon's paradox only occurs under very specific circumstances. I would bet on it not happening in the context Jeff Dean is referring to.
https://en.wikipedia.org/wiki/Jevons_paradox#Cause https://en.wikipedia.org/wiki/Jevons_paradox#Cause
> The size of the direct rebound effect is dependent on the price elasticity of demand for the good.[11] In a perfectly competitive market where fuel is the sole input used, if the price of fuel remains constant but efficiency is doubled, the effective price of travel would be halved (twice as much travel can be purchased). If in response, the amount of travel purchased more than doubles (i.e. demand is price elastic), then fuel consumption would increase, and the Jevons paradox would occur. If demand is price inelastic, the amount of travel purchased would less than double, and fuel consumption would decrease. However, goods and services generally use more than one type of input (e.g. fuel, labour, machinery), and other factors besides input cost may also affect price. These factors tend to reduce the rebound effect, making the Jevons paradox less likely to occur.