When to Worry About the Jevons Paradox
September 6, 2010
Michael Giberson Tom Konrad explains, “When it Makes Sense to Worry About Jevons Paradox, and When it Doesn’t.” Konrad highlights the critical point – whether demand for the good in question is elastic or inelastic – and suggests that the demand for electric power is relatively inelastic and therefore the demand for lighting is inelastic, hence … More When to Worry About the Jevons Paradox