What is the significance of income targets for economic modeling?
Can someone please explain to me what significance my conclusion to the following question has for economic modeling?
“Why is it so hard to get a taxi on rainy days?”
I have come to the following conclusion:
- the demand for taxis is higher
- Taxi drivers have a fixed income target in mind, so they stop the service after reaching this target
but to what extent do these conclusions have significance for economic modeling?
Ja kann natürlich eine Bedeutung haben, man muss aber bedenken das der Mensch, gewönlich immer mehr statt weniger, und nicht auf irgendein Einkommenziel hinarbeitet; Es sei denn natürlich es gibt die guten alten Fehlanreize…