"Induced demand": The highway is expanded such that it only takes me 15 minutes to get downtown instead of 45, so I go downtown more.
Jevson paradox: The highway is expanded such that it only takes 15 minutes to get from the suburbs to my office instead of 45, so I move to the suburbs.
So one is movement along the demand curve, while the other is a movement of the demand curve.
"Induced demand": The highway is expanded such that it only takes me 15 minutes to get downtown instead of 45, so I go downtown more.
Jevson paradox: The highway is expanded such that it only takes 15 minutes to get from the suburbs to my office instead of 45, so I move to the suburbs.
So one is movement along the demand curve, while the other is a movement of the demand curve.
https://www.reddit.com/r/badeconomics/comments/oo2s48/that_o...