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In economics, induced demand – related to latent demand and generated demand [1] – is the phenomenon whereby an increase in supply results in a decline in price and an increase in consumption. In other words, as a good or service becomes more readily available and mass produced, its price goes down and consumers are more likely to buy it ...
Increasing the size of the network is characterized by behaviors of users similar to that of travelers on road networks, who act independently and in a decentralized manner in choosing optimal routes between origin and destination is an extension of the induced demand theory and consistent with Downs' 1992 theory of "triple convergence ...
In economics, supplier induced demand (SID) may occur when asymmetry of information exists between supplier and consumer.The supplier can use superior information to encourage an individual to demand a greater quantity of the good or service they supply than the Pareto efficient level, should asymmetric information not exist.
This generalization has come to resemble what some economists regard as the law of demand – namely, the lower the price of a service or commodity, the greater the quantity demanded. This is also referred to as induced demand .
With a lower cost for travel, consumers will travel more, increasing the demand for fuel. This increase in demand is known as the rebound effect, and it may or may not be large enough to offset the original drop in fuel use from the increased efficiency. The Jevons paradox occurs when the rebound effect is greater than 100%, exceeding the ...
And some goods that were sliding in price after COVID-19-induced supply snags faded, like used cars, have started growing more expensive again. The months ahead should bring some relief. Rent ...
Film tourism, or film induced tourism, is a specialized or niche form of tourism where visitors explore locations and destinations which have become popular due to their appearance in films and television series. [1] The term also encompasses tours to production studios as well as movies or television-related parks. [2]
The think tank Osservatorio di Unione Italiana Vini (UIV) has called for immediate action after the first post-election data on wine sales revealed a huge spike in demand from the U.S. Exports of ...