4 ms·
I dislike whoever named this phenomenon since it is not a paradox. A lot of people bring this up, but fail to realize that there is a limit to induced demand.
by pg_bot 4y ago
I dislike whoever named this phenomenon since it is not a paradox.
A lot of people bring this up, but fail to realize that there is a limit to induced demand. For example if you are able to light your house with led bulbs you aren't suddenly going to throw up more lights to light up the neighborhood. There are actual limits to demand and you can exceed them through efficiency gains.
- game-of-throws 4y agoThere are individual limits to demand, but not societal limits. If LEDs become more efficient, I will not throw up more lights, but Times Square will - and eventually they'll expand operations and build Los Angeles Square. Jevons Paradox is about these societal demands, which influence collective usage of a resource in the opposite direction from individual usage.