Never heard of the Jevons Paradox? Wikepedia defines one way to understand the Jevons Paradox is to observe that an increase in the efficiency with which a resource (e.g., fuel) is used causes a decrease in the price of that resource when measured in terms of what it can achieve (e.g., work). Generally speaking, a decrease in the price of a good or service will increase the quantity demanded (see supply and demand, demand curve). With a lower price for work, more work will be "purchased" (indirectly, by buying more fuel). The resulting increase in the demand for fuel is known as the rebound effect. This increase in demand may or may not be large enough to offset the original drop in demand from the increased efficiency. The Jevons paradox occurs when the rebound effect is greater than 100%, exceeding the original efficiency gains. This effect has been called "backfire."
LATEST NEWS
Welcome to 2015!
Telecom Review hopes you had a great Holiday Season and that you will have a very prosperous New Year.
Welcome to the Telecom Review Leaders Summit
As you read this you are most likely at the annual Telecom Review Leader’s Summit joined by industry executives from around the world. Similar to the Allen & Co event in the spring, this annual event has become a “must attend” function in order to meet and socialize with leaders of the Telecom/ICT industry. We hope that you truly enjoy your time at the Summit.
Your Personal Data Sold by Others
“Big Data” is being collected every second of every day on you and you most likely do not know it is being collected, much less being sold for a profit by others who never asked you, nor ever shared with you their profit. Apps like Google-owned Waze, Moovit and Strava are selling our activity and behavior data to someone, somewhere. They say they aren’t selling any specific person’s information, but who is to say that they won’t do it in the future or will use the data collected differently?
What is Next? 5G Mobile is Coming
The Telecom Review Team just returned from the Mobile World Congress (MWC) event in Barcelona and it was very well attended! The Telecom Review “Daily E-News” covering the day by day events at MWC was welcomed by our clients & partners, and appreciated by everyone.