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Jevons Paradox: Difference between revisions
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[[File:Jevons paradox.jpg|alt=More efficiency = more consumption.|thumb|More efficiency = more consumption.]] | |||
In economics, the Jevons paradox (sometimes known as Jevons' effect) occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises due to increasing demand<ref>Bauer, Diana; Papp, Kathryn (March 18, 2009). "Book Review Perspectives: The Jevons Paradox and the Myth of Resource Efficiency Improvements". ''Sustainability: Science, Practice, & Policy''. '''5''' (1). doi:10.1080/15487733.2009.11908028.</ref>. The Jevons paradox is perhaps the most widely known paradox in environmental economics<ref />. However, governments and environmentalists generally assume that efficiency gains will lower resource consumption, ignoring the possibility of the paradox arising<ref>Alcott, Blake (July 2005). "Jevons' paradox". ''Ecological Economics''. '''54''' (1): 9–21. doi:10.1016/j.ecolecon.2005.03.020. hdl:1942/22574.</ref>. | In economics, the Jevons paradox (sometimes known as Jevons' effect) occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises due to increasing demand<ref>Bauer, Diana; Papp, Kathryn (March 18, 2009). "Book Review Perspectives: The Jevons Paradox and the Myth of Resource Efficiency Improvements". ''Sustainability: Science, Practice, & Policy''. '''5''' (1). doi:10.1080/15487733.2009.11908028.</ref>. The Jevons paradox is perhaps the most widely known paradox in environmental economics<ref />. However, governments and environmentalists generally assume that efficiency gains will lower resource consumption, ignoring the possibility of the paradox arising<ref>Alcott, Blake (July 2005). "Jevons' paradox". ''Ecological Economics''. '''54''' (1): 9–21. doi:10.1016/j.ecolecon.2005.03.020. hdl:1942/22574.</ref>. | ||