need an economic term......

Get on your bike 🙂

Get on your bike 🙂

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Dear CV,

Depending on where "here" is, you might ponder the correct
psychological term for your claim to notice a 15/300 (or ~5% increase)
in traffic on a weekly basis.

:-)

Cheers,

Carl Fogel

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Dear CV,

Depending on where "here" is, you might ponder the correct
psychological term for your claim to notice a 15/300 (or ~5% increase)
in traffic on a weekly basis.

:-)

Cheers,

Carl Fogel

In article <[email hidden]>,

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

"Veblen Good," but if you're not seeing simple seasonal increases in car
usage, or merely making observations which do not reflect reality, I'll
be pretty surprised. Like, "there's a quasi-Nobel* in it for you if you
can prove it."

*standard dig at the The Sveriges Riksbank Prize in Economic Sciences in
Memory of Alfred Nobel. In reality, I think it's as legit as any other
Nobel, but still think the mathematicians were robbed.

--
Ryan Cousineau [email hidden] http://www.wiredcola.com/
"My scenarios may give the impression I could be an excellent crook.
Not true - I am a talented lawyer." - Sandy in rec.bicycles.racing

In article <[email hidden]>,

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

"Veblen Good," but if you're not seeing simple seasonal increases in car
usage, or merely making observations which do not reflect reality, I'll
be pretty surprised. Like, "there's a quasi-Nobel* in it for you if you
can prove it."

*standard dig at the The Sveriges Riksbank Prize in Economic Sciences in
Memory of Alfred Nobel. In reality, I think it's as legit as any other
Nobel, but still think the mathematicians were robbed.

--
Ryan Cousineau [email hidden] http://www.wiredcola.com/
"My scenarios may give the impression I could be an excellent crook.
Not true - I am a talented lawyer." - Sandy in rec.bicycles.racing

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

May I propose "nihilism"?

John

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

May I propose "nihilism"?

John

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Off-topic trolling.

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Off-topic trolling.

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Isn't that "cognitive dissonance"-- you make something more expensive,
or more unobtainable, and suddenly everyone wants it more.

Crescentius Vespasianus said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Isn't that "cognitive dissonance"-- you make something more expensive,
or more unobtainable, and suddenly everyone wants it more.

Crescentius Vespasianus said:

I've noticed around here, as the price of gas goes up 15 cents a week,
there is corresponding increase in the amount of driving that I'm
seeing. It's not inelastic demand, because as the price goes up, demand
increases. So what is the correct economic term?

positive price elasticity of demand?

--
/Marten

info(apestaartje)m-gineering(punt)nl

Crescentius Vespasianus said:

I've noticed around here, as the price of gas goes up 15 cents a week,
there is corresponding increase in the amount of driving that I'm
seeing. It's not inelastic demand, because as the price goes up, demand
increases. So what is the correct economic term?

positive price elasticity of demand?

--
/Marten

info(apestaartje)m-gineering(punt)nl

Quoted message said:

On Tue, 06 Nov 2007 21:07:45 -0700, Crescentius Vespasianus

Quoted message said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Dear CV,

Depending on where "here" is, you might ponder the correct
psychological term for your claim to notice a 15/300 (or ~5% increase)
in traffic on a weekly basis.

:-)

Yeah. But also, "here" is southern Arizona, and the
economic term is "snowbirds." There usually really
are significantly more people on the road now than there
were in August. I don't believe it's possible to measure
week to week fluctuations in traffic well though.

Ben

Quoted message said:

On Tue, 06 Nov 2007 21:07:45 -0700, Crescentius Vespasianus

Quoted message said:

I've noticed around here, as the price
of gas goes up 15 cents a week, there is
corresponding increase in the amount of
driving that I'm seeing. It's not
inelastic demand, because as the price
goes up, demand increases. So what is
the correct economic term?

Dear CV,

Depending on where "here" is, you might ponder the correct
psychological term for your claim to notice a 15/300 (or ~5% increase)
in traffic on a weekly basis.

:-)

Yeah. But also, "here" is southern Arizona, and the
economic term is "snowbirds." There usually really
are significantly more people on the road now than there
were in August. I don't believe it's possible to measure
week to week fluctuations in traffic well though.

Ben

Crescentius Vespasianus said:

I've noticed around here, as the price of gas goes up 15 cents a week,
there is corresponding increase in the amount of driving that I'm
seeing. It's not inelastic demand, because as the price goes up, demand
increases. So what is the correct economic term?

I'd call it the Dogs Dinner. If you've ever fed a group of dogs you
would notice that they each gorge themselves to make sure they get what
they consider their share before it runs out.

Dorf

Crescentius Vespasianus said:

I've noticed around here, as the price of gas goes up 15 cents a week,
there is corresponding increase in the amount of driving that I'm
seeing. It's not inelastic demand, because as the price goes up, demand
increases. So what is the correct economic term?

I'd call it the Dogs Dinner. If you've ever fed a group of dogs you
would notice that they each gorge themselves to make sure they get what
they consider their share before it runs out.

Dorf

John Henderson said:

Quoted message said:

I've noticed around here, as the price of gas goes up 15 cents a
week, there is corresponding increase in the amount of driving that
I'm seeing. It's not inelastic demand, because as the price goes
up, demand increases. So what is the correct economic term?

Quoted message said:

May I propose "nihilism"?

http://news.bbc.co.uk/2/hi/uk_news/england/london/7081809.stm

I wanna drive my car!

Jobst Brandt