Comment on Tog's ParadoxparentComments−Eisenstein1yThat 'paradox' is pretty much just basic economics when dealing with an elastic product, though. 'When efficiency gains reduce the price of a good that people would buy more of if it were cheaper, consumption of that good will rise'.−eesmith1yYes, and the provided Wikipedia link goes into detail about the mechanisms behind the rebound effect.
Comments
That 'paradox' is pretty much just basic economics when dealing with an elastic product, though. 'When efficiency gains reduce the price of a good that people would buy more of if it were cheaper, consumption of that good will rise'.
Yes, and the provided Wikipedia link goes into detail about the mechanisms behind the rebound effect.